Can i buy a house using student loan money as a downpayment?
It’s interesting to me how quick so many people here are to judge you about this. It makes me wonder if they have ever had student loans at all or recently because I don’t think this is actually illegal. The reason I say this is because I have been borrowing money for the last 4 years for my school between the government loans and personal student loans and have used the money for living expenses… since… that is the purpose of student loans! I’ve even told the people I was borrowing from that I was using it for living expenses, so I don’t see why you couldn’t either. That’s why you borrow the money. Student loans are not just for tuition and books. The schools themselves understand this because they have something that is called “Cost of Attendence” that shows potential students how much it costs to go to school and LIVE. All students I know, including myself, use the money for living in addition to tuition and school supplies. It sounds to me like you are using the money to secure
