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- Jan 23, 2005
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I was reading the stipulations of the master promissory note for my stafford loan and they said that you can only use your stafford loans for educational expenses like:
Are there any situations in medical school where you need to spend your loan money on things are aren't approved? If you are using a healthcare plan other than the one provided by your school, can you pay for that through loans? Is purchasing a used car authorized under transportation? Is there really any way to track how you spend the money; meaning do we have unrestrained freedom to spend our loan money as we please, as long as it is paid back?
- Tuition
- Room
- Board
- Institutional fees
- Books
- Supplies
- Equipment
- Dependent Child Care
- Transportation
- Commuting Expenses
- Rental or Purchase of personal computer
- Origination free or guarantee fee
- Other document/authorized costs
Are there any situations in medical school where you need to spend your loan money on things are aren't approved? If you are using a healthcare plan other than the one provided by your school, can you pay for that through loans? Is purchasing a used car authorized under transportation? Is there really any way to track how you spend the money; meaning do we have unrestrained freedom to spend our loan money as we please, as long as it is paid back?