Sunday, February 7, 2010

Can a Stafford Loan be used to pay my apartment's rent if I live in Brazil and study online


Can a Stafford Loan be used to pay my apartment's rent if I live in Brazil and study online?
The situation is this: - I'm American - I will be studying in an American ONLINE community college )(Yes, fully regionally accredited in California) - I will be LIVING in BRAZIL 4 months per year Can I use my Stafford Loan to pay my apartment's rent in Brazil or other living expenses while in Brazil??? If it's not allowed and I do it, will they find out???
Financial Aid - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Yes, student loans and aid can be used for books, transportation, housing, tuition, and personal expenses.
2 :
I guess that you technically could do it, though I dont think it is acceptable, that's for sure. nice way to get a long vacation paid for.
3 :
Yes, you can because it's considered a living expense which is an acceptable way to spend your student loan. It sounds exciting...good luck!






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