Spending loan money

[paceac]

Does anybody know how the dispensation of loan money works? Does the school just hang onto it and you withdraw it out of a student account? If you have loans can you pay for tuition on a credit card?

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[baylormed]

Does anybody know how the dispensation of loan money works? Does the school just hang onto it and you withdraw it out of a student account? If you have loans can you pay for tuition on a credit card?

From my experience, anything left over after paying school tuition is either given to you as a check or deposited into your bank account if you have direct deposit. Then you can do with it as you like.

 

[Looque]

From my experience, anything left over after paying school tuition is either given to you as a check or deposited into your bank account if you have direct deposit. Then you can do with it as you like.

I'm hoping to use my leftovers--if I have leftovers--for a nice European getaway between my first and second years. Of course, I'm only now applying. Travel while you can.

 

[baylormed]

I'm hoping to use my leftovers--if I have leftovers--for a nice European getaway between my first and second years. Of course, I'm only now applying. Travel while you can.

Nice. I'm planning to use mine to pay for interview travel expenses and secondary fees. O well, maybe next semester I can use that leftover money for something else.

 

[Looque]

Nice. I'm planning to use mine to pay for interview travel expenses and secondary fees. O well, maybe next semester I can use that leftover money for something else.

I don't know, I'm going to avoid making as many payments as I can until it's either absolutely necessary that I do, or I've finished my residency and am finally practicing. Until then, I'm using whatever loan money is available to live life...in foreign lands, on vacation.