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Student loans explicitly can’t be used for car repairs [0]. You can use it for transportation like buses and trains, rent, gas, and meal plans (but oddly not gr
by prepend 5y ago
Student loans explicitly can’t be used for car repairs [0]. You can use it for transportation like buses and trains, rent, gas, and meal plans (but oddly not groceries and restaurants).
So students typically work jobs, use savings, get help from friends and family.
[0] https://www.salliemae.com/blog/what-to-use-student-loans-for/ https://www.salliemae.com/blog/what-to-use-student-loans-for...
- tshaddox 5y agoHow is this enforced, given that dollars are fungible?
- astura 5y agoIt's not enforced because it's not true, the GP didn't read the article they posted, it's just a shitty financial advice column. Those "restrictions" are just suggestions.
- astura 5y agoYour link says no such thing and doesn't even mention car repairs. In fact it says the exact opposite >Otherwise, use your leftover student loan money for anything you absolutely need for school. >Ultimately, any leftover loan money is yours to use how you’d like. This article is merely a shitty low quality advice article, these are suggestions.