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What can I use my secured student loan for?
I went thru the FAFSA process and was denied a grant but the school helped me get a secured government student loan (government makes the intrest payments and I just have to pay the principal when I complete school). I wanted to know what that loan can be used for besides tuition. I already signed up for classes and used my loan for the tuition, but I need some books and I also need Office 2007 for school papers. I dont currently have an office suit. I know i could get open office for free and will use that as a last resort because I have had problems in the past with that. Can I buy my books and Office 2007 with my loan or does that have to come out of pocket? Any advise or direction would be helpful.
1 Answer
- Anonymous1 decade agoFavorite Answer
Really the only thing you can't use it for is buying a car, house, etc... Buying books and necessary computer software is fine. Basically as long as you can justify it as a school expense you can use the money for it.