Question
I was just wondering what all a student loan covered? Do you determine what it covers or does the bank? I am going to school I was just wondering What it covered?
I was just wondering what all a student loan covered? Do you determine what it covers or does the bank? I am going to school I was just wondering What it covered?
Answer
The key to not coming out of college with a bunch of debt is to borrow as little as you can. With that being said, most student loans are based on the cost of attendance, etc. The loan is paid directly to the school and they send you what is left after tuition and fees. You can spend that money however you want, but use it wisely because you will be paying your loan bills for a lot longer than you will have whatever car you are getting.
The key to not coming out of college with a bunch of debt is to borrow as little as you can. With that being said, most student loans are based on the cost of attendance, etc. The loan is paid directly to the school and they send you what is left after tuition and fees. You can spend that money however you want, but use it wisely because you will be paying your loan bills for a lot longer than you will have whatever car you are getting.
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