luciazephyr: Book of the Still, the time traveler's lifeline (Default)
Lucy ([personal profile] luciazephyr) wrote2010-03-11 06:13 pm

(no subject)

Mum has a question for you US college students. If she takes out a student loan, can she use it on bills and stuff, or are there restrictions on the sort of thing you can use the money for?

Oh yeah, this morning we went to the college and got the majority of our admissions stuff done. 83

Also I bought the Arctic Monkeys' Whatever People Say I Am, That's What I'm Not. And I'm gonna watch Psych tonight and then play Persona 4.

Good day overall.

-Lucy

[identity profile] aelora.livejournal.com 2010-03-11 12:44 am (UTC)(link)
Yes, that. *points up* Like, I get $2200 twice a semester, and there is typically $870 left over each time after tuition is paid. I've used it on bills and to pay my husband's tuition.

[identity profile] lucia-tanaka.livejournal.com 2010-03-11 12:45 am (UTC)(link)
But what if you got a Pell Grant that covers most/all your tuition? Can you just use the whole thing on what you need?

[identity profile] aelora.livejournal.com 2010-03-11 01:01 am (UTC)(link)
Yeah. Because loans are meant to also help with housing, books, meals, etc. They're meant for students to live on. As long as you pay it back, they don't care how it's spent.