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Can I use my Stafford loan to pay non school related bills?

19 June 2009 0 views No Comment

From Stafford Student Loan and Private Student Loan News Blog:

No, you are not permitted to use your Stafford loan funds to pay non school related bills.
The Stafford loan is to be applied toward your cost of tuition, which is why the funds get sent directly to your school.  You can not apply those funds toward your cell phone bill, car payment, etc.
I do, however, [...]

Read the whole article originally published in: Stafford Student Loan and Private Student Loan News Blog.

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