loans pay for housing?

<p>Trying to figure out my options here... First of all, both Stafford loans and private loans I am assuming can pay for on campus housing not just tuition, right? what about on campus apartments, I assume those are treated the same as dorms right?</p>

<p>What about off campus housing? A school I am considering transfering too has very limited on campus housing and more students apply for it then there is room for. Would private student loans pay for off campus housing since It wouldn't be billed through the school, it would be regular monthly rent to a landlord?</p>

<p>Thanks for your replies</p>

<p>Loans can be used to pay for off-campus living expenses. Here's how it works.</p>

<p>When the loan is funded, the money goes to the college and appears in your college account. Any outstanding college amounts due (like for tuition) will be deducted. Then if there is a credit balance, the remainder is disbursed to you. You can spend it however you like. You can spend it on your off-campus apartment rent and groceries, or on lottery tickets if you want to.</p>

<p>I thought lottery tickets were a tax on people who didn't take math in high school.</p>

<p>Just one thing to be aware of tho - every school disperses excess funds in a different way - some on the first day of classes - some not until the end of drop/add period - some not til mid-term time. So it would be advisable to find out when those funds will be available and will have to plan accordinglingly - especially where using it to pay for housing off campus is concerned.</p>

<p>Also HOW they are dispersed as well - sometimes directly thru the fin aid office - some schools have a debit card system. Would be best to contact the fina aid office and ask specificially how and when they are dispersed.</p>