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The most cursory Google search turns up tons of sources that say otherwise. For example[1]: > Student loans are intended to pay for college, but education cost
by tqi 5y ago
The most cursory Google search turns up tons of sources that say otherwise. For example[1]:
> Student loans are intended to pay for college, but education costs include more than tuition. You can also use student loans for living expenses. You’re limited to borrowing the school’s cost of attendance — that’s tuition and fees, books and supplies, room and board, transportation, and personal expenses —minus any aid you receive.
In other words, once you've paid tuition the balance is yours to do whatever you want/need to continue as a student, including paying rent or fixing your car. After all, barriers to poor people attending college go far beyond just the cost of tuition.
[1] https://www.nerdwallet.com/article/loans/student-loans/student-loans-for-living-expenses https://www.nerdwallet.com/article/loans/student-loans/stude...