Quote:
Originally posted by GeekyPenguin
It is money I need, the school thought I "needed" it. How do you know what I do and do not need? I could have paid for my car over 15 years working at the mall, or paid that money towards my tuiton and used my student loan for the car payment and gotten it paid off quicker. If the federal govt was actually concerned about this, they wouldn't allow such enourmous refund checks to be issued to people.
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See... here's where I get confused. I can understand a student loan being funnelled into an investment once wo the government's knowledge... but at least where I am, we have to disclose all investments on our loan applications - and they deduct this money from our loan (aka, you use your own money, then the loan). Hell, you even have to disclose your car because they will assume that you are going to sell it to help pay for school.
If you're lying on your apps to get this money - that's a different issue....