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Can I apply for a private student loan now and use the funds for education-related expenses from an academic period in the past?

academic education-related expenses funds past period private student loan
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Can I apply for a private student loan now and use the funds for education-related expenses from an academic period in the past?

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Yes. Students do not need to be currently enrolled to borrow for a previous term if there is still an outstanding balance. A current school bill dated within the last 60 days reflecting the past-due balance is necessary. Loans are limited to the amount owed and repayment begins immediately.

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