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Tracy Said:Do student loans cover the cost of on-campus housing?
We Answered:Yes, loans from the government are meant o cover, tuition, books,room and board etc. When you complete your FAFSA application and list the school you want to attend, the school should be including housing costs in the amount it costs to attend their college
Gordon Said:Can student loans be used for housing, food, fun stuff etc?
We Answered:It can be used for these things, but I'm not sure if it's tax deductible.
Elmer Said:Using Student Loans for Outside Housing?
We Answered:I agree with Bernadette
I ALWAYS maximized my loan amounts and spent them on whatever I wanted. I used it to pay for investments since the student loans are so cheap. Ultimately you can justify anything as an "educational" expense. Booze, bubbly, knick knacks and funny shrooms are essential to the whole college experience, I guess.
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