Can I apply for a loan and not use all of it for education purposes??

Colleges and Universities A-Z University of California - Riverside
1

<p>I want to take out a $5,500 student loan from Sallie Mae. However, I am probably only using $1,000 of it. The rest is for my personal use. Can I do that?!</p>

2

<p>yea, you can</p>

3

<p>really?? are u sure?</p>

4

<p>What are you gonna use it for anyway? They probably crank up the interest.</p>

5

<p>yeah u can use it but remember you have to pay it back plus interest</p>

6

<p>Why would you choose to drown yourself in debt?</p>

<p>I don’t think it’s smart at all to take loans out if you’re not gonna use it for tuition/books/etc.</p>

7

<p>Well it could be for living expenses and that she has no other income.</p>