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> Also, isn't starting a company with your student loans illegal? I don't think he meant using the money he was loaned to pay for classes but using the money t
by jonwachob91 9y ago
> Also, isn't starting a company with your student loans illegal?
I don't think he meant using the money he was loaned to pay for classes but using the money the loan provides for living expenses. That money is completely up to you to figure out what to spend it on.
I could be wrong about that though...
- chickenfries 9y agoI'm not sure that federal or private loans could be used to start a company, even if you listed that one of your "living expenses" was "starting a company." There isn't a lot of policing of what students use their student loan living expenses for, but I don't think that means you're free to do whatever you want with it legally. Also, it's amazing how the child a doctor and a professor would be praised for cheating the government at a grand scale while our society is busy watching what poor people buy with EBT (food stamps) at the grocery store. I don't find these details of Sacca's story admirable.
- Chris2048 9y ago> would be praised for cheating the government at a grand scale while our society is busy watching what poor people buy with EBT The former happens so rarely it doesn't get much attention at all.
- Spooky23 9y agoIf he had flamed out, we'd probably hear a sob story about the oppression of student loans.
- redm 9y agoHe could have taken the easy way out of his problems and declared bankruptcy. I think most would have, but he paid back all his debts, the hard way; that seems admirable to me.