can i take out a student loan to cover daycare expenses?
does anyone know? can you borrow more than the cost of your schooling… i have 4 possibly 5 more months of school in which i plan to return in january however the only way i can do this is if i also take out a loan for daycare expenses… but i know nothing about this!
You can use your loan money for whatever you want. have you already done your FASFA to see if maybe you qualify for any grants first? They will then tell you how much loan you qualify for and the steps you need to take to get it. I use mine for basic living expenses. No one ever asks what you use it for. It definitely is NOT fraud.
