Can you use student loan money for personal usage?
958823
Hello There,\n\nYES there are plenty of federal student loans available that you can use for anything!! Not just living expenses, but anytihing you need to use them for..\n\nIve used student loans to pay for miscellaneous items many times in the past because its your money... You need to buy what ever you need at the time you are going to college.. Your loans are money you are borrowing to do so...\n\nI work with Student Aid Lending, we are a nationwide lender administed by the department of Education (We have a title IV license)\n\nTake a lok at my yahoo 360 profile.. You can find alot of information about student loans and also direct links to my companies website...\n\nhttp://360.yahoo.com/my_profile-hluduhmi...\n\n\nFeel free to call or email me and i can process the entire consolidation for you in just 10 minutes over the phone..\n\nI hope this helps, and again, do not hesitate to call or email me with any additional questions!\n\nAnd congratulations to you for wanting to make someting great out of your life... I commend you for it! There needs to be more people like yourself that have the drive to want something more!\n\nJason Fry\nFinancial Advisor\nStudent Aid Lending\n1-800-964-0642 ext. 114\njasonf@StudentAidLending.com
937933
I know with federal aid there is a limit to the amount you can borrow as an undergraduate each year, and there is a cap on the total amount.  I don't know if the same applies to private.  Ask your loan officer, they should be able to tell you and they'll give you better information.
867146
No.  A student loan is federal debt.  You can't bankrupt on it.  They can garnish wages, and take your tax returns if you're delinquent enough.
531898
Ask your bank, the provincial government website or student loan program.
435782
Use the entire portion that is the difference, all student loans are treated as cash paid. Depending on your year in school will determine if you are eligible for the "Hope Credit" (first two years) max credit of $1500.00, or the "Lifetime Learning Credit". Figure which of the two would be more advantageous to use. You can also check and see if the "Tuition and Fees" deduction would be a better choice.
67614
If you have a mortgage on your home you could possibly roll that high paying interest into your mortgage.  I'm not sure what a good rate is for personal loans, but with mortgages that's outrageous.  At least if you're able to consolidate that debt into your mortgage you can receive a tax deduction.
409010
No. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for personal purposes such as paying back student loans. There are several grants available for the disabled, but none of them are for paying student loans.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for your type of purpose.\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices."
188832
The interest you pay for a student loan is deductible
820089
Only if you are going to use it and keep using it as long as you have a contract.\n\nOtherwise, enjoy.
540913
If it's an unsecured personal loan, you don't have to tell the lender what you're using it for... they'll check to make sure you can handle the debt, but they don't need to know what you're using it for.\n\nThat said, a loan "just in case" is NOT SMART.  Borrowing money and not using it for something is wasting the money. Instead, set aside what you'd pay on that loan (figure 8% on 10,000 on a 5 year loan, that's 202.76 per month).  If you can afford the loan, you can afford to set that aside.  At the end of the first year, you've saved $738 in interest on that loan alone.. in two years $1336.. better in your pocket than the banks.)
951718
You can talk with your university about getting a computer loan. I had several friends that got their computers this way and didn't have to pay back the loan until they graduated.
783181
Yes. They are private student loans. Low interest, great service. Distribute funds quick! Directly to you. Student-Loans.net provides a directory of all private student loan lender, spotlighting Astrive.
304776
Use your own money, in small increments or save it until you have enough.
44926
Yes.  You can deduct some of your tuition from your AGI, unless your parents are paying for you. If you are already paying on student loans, you can also decuct the interest from your adjusted gross income (AGI).
740486
It's a scholarship in the sense that the financial aid office of your school will treat it as such, and you will not get any other money out of them.  But if it is more than needed for essentials, such as tuition, books, rent, food, laundry, etc., then some of it can be used for entertainment, etc.  Just don't run out before the end of the semester.
90794
Yes, check with your lenders. It doesnt matter if your semester started or not as long as your enrolled. However b careful some lenders won't send the money directly to you but instead to the school.
447373
Yes, But what type of loan are you seeking, commercial or personal. We can do any type of loan or grants. How much loan do you need? Do you have the income to repay the loan back on time. Are you interested in any grant money.