Quote:
Originally Posted by AGDee
If you get government backed student loans, they have to go toward certain things. I know plenty of people who get private student loans, especially for grad school and completely live on that money (or that money plus child support from ex-husbands, etc). You rack up an awful lot in loans that way though. With some private loans, they just send you a check.
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Not really. It's pretty flexible. The loans just have to go to "educational expenses." That could be housing, child care, or cars. Anything that you "need" while attending school can be paid for with loans.
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