Student loans are loans which are offered to students to assist in payment of the costs of professional education. These loans usually carry a lower interest rate than other loans and are usually issued by the government. Often they are supplemented by student grants which do not have to be repaid.

Thursday, October 4, 2007

Paying Bills Other Than School Expenses

This seems kinda wrong and I'm not sure about grants but federal loans can be used for anything you want although they are only meant for tuition, living expenses and supplies. Just accept more money than you need for school and your school will issue a cheque for the refund amount. You can then use this anyway you want; the lender does not verify if you are using it for school expenses.

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