College Student Loans
In the 1980s I heard of people buying cars, furs, stocks on student loans
and the colleges even encouraged it in order to get their loan quotas up.
Is it true that today the loan money only goes to the college?
What if the student has legitimate living expences like food & rent?
What does it mean when half the loan is "subsidised: and half not?
Does it make sense to start repaying the portion that you have to pay
back on before the student graduates from college?
- Student loans are disbursed to the college.
- The loans are first applied against the students college bills for
tuition, fees, plus room and board if living on campus. If there is a
credit balance after paying those, the excess is given to th