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student loans for houseing?

im trying to find out if i can get a student loan that will cover renting an apartment because my junior college does not have dorms. is that possible???

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Cobalt

Favorite Answer

Absolutely! You can borrow for “educational related expenses”, ( food, housing, transportation, etc.) You didn’t go into detail about how you cover your tuition. If you are borrowing money to cover your tuition ( like a PLUS or Alternative Education loan), you can borrow additional money for your expenses.

You can do this one of two ways

A. You can go speak tot he financial aid office and they can council you on how much you can and will need to borrow. It is important that you borrow just enough to cover your expenses, remembering that the loan bill bill eventually be due.

or

B. You can just apply for an additional loan for your best guesstimate amount. The loan will need to be certified by the financial aid office. They will adjust the amount of loan to make sure you don’t go over your cost of attendance. When the money comes in, they will cut you a check if you are set up for automatic refunds.

Good Luck!!!!

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4 years ago
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Anonymous
Private loans can be used for housing and other college costs.

The best thing to do is compare the different private lenders out there, which can be done at http://www.finaid.org/loans/privatestudentloans.phtml

Most of the rates are very similar but do a little research and pick one that you think is best. I would suggest Think Financial. The application process is very quick and easy, and the check is sent directly to you so you can use the money for whatever you want. The limits are much higher with private student loans, up to $40,000 per year. You can find out more information about a Think loan at http://www.thinkfinancial.com . Good Luck.

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4 years ago
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sure, maximum lenders provide you the quantity you request (with affirmation of the economic help branch). State government oftentimes units a shrink on how a lot a student can settle for in economic help each semester (continually is extra effective than what you want). try citibank… I even have some option loans by them. They verify with economic help, merely confirm you’re nonetheless below the economic help cap, and then provide you the money. Do be recommended that countless the time your economic help branch will oftentimes chop up the money you ask for between the two semesters (in case you have semesters). So, you ask for $4,000… they are going to maximum possibly provide you $2,000 this semester and $2,000 next semester.
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Anonymous
Maybe you can try below website to get the information you need. It’s about student loans articles for your second opinion.
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purplejadedragon
It should be since they are for your living expenses while you are a student. I thank God for my student loans helping me to live while I learn!
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Liam M
Yes, contact the fin aid office at the school.
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