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Student Housing Loans

Ronald Said:

Can I use student loans for my off campus housing?

We Answered:

1. Yes. You may use your student loan for any student related expense to include rent. You will be given an actual check to cash and use as you please. I used my student loan to pay my activity fee, for housing and a $3 a day food budget. Hope this helps!

Andrea Said:

can student loans cover my housing and transportation costs?

We Answered:

I believe you can use your student loans for anything you wish. They are the same as any other loan, being that it is your money once it is given to you, but the repayment period is more structured and has a smaller percentage. I'd look into it a little more before pulling the trigger, however.

Raymond Said:

Did housing market affect private student loans?

We Answered:

That would be the "two wrongs make a right" contention.
No, they're not directly related, but the credit markets are all skittish about higher risk lending, so indirectly they feed on one another.

Harvey Said:

Are there any student loans for off campus housing?

We Answered:

Yeah, its very easy. Assuming you have loans that are going towards your tuition payment, any excess is yours to keep. That excess can be requested to be sent to you in the form of a check, and viola! A semester's worth of rent is taken care of.

Plus, you can rest even easier because you're a senior. The amount you're allowed to borrow goes up as you advance in college. This is especially true if you're borrowing from Uncle Sam. He gives much more generously as you're close to finishing your degree.

I speak from experience. I had my loans cover my off campus rent in my senior year so I could focus on completing my degree! You shouldn't have a problem with what you're trying to do. But talk to your financial aid office asap so you can take care of this before it gets to be a problem. Good luck!

Louise Said:

Can I use student loans to pay for private housing?

We Answered:

They give you a check, you can spend that money on drugs and alcohol if you want. (Not a smart idea but you can).

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