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Education Loan Question

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Old 07-18-2006, 08:35 PM
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Draconius
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Default Education Loan Question

What if I applied for an education loan (still being in school) and I am getting Full FAFSA as well. What were to happen if I use that loan for something like....say a Motorcycle.

Is that kosher??? Is that something that the loan companies would pick up?
Old 07-18-2006, 08:38 PM
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Samson
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oh noes
Old 07-18-2006, 08:38 PM
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dubcac
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You probably wouldn't get both, especially if they look at income.
Old 07-18-2006, 08:41 PM
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eonsx311
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Originally Posted by Draconius
What if I applied for an education loan (still being in school) and I am getting Full FAFSA as well. What were to happen if I use that loan for something like....say a Motorcycle.

Is that kosher??? Is that something that the loan companies would pick up?
i used a grand for a trip. they wont really know....
Old 07-18-2006, 09:02 PM
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NOPD
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i used it to down for my evo h:
Old 07-18-2006, 10:07 PM
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joebenz
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you can use it for whatever you want. you just gotta pay it back :shrug:

Ling got FAFSA every year and took out loan 1 year just for the heck of it. She didnt use any of it on school. her FAFSA already paid for school and more...
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