Whats the best way to do take out a student loan to pay for non-tuition costs?
AFAIK, if it’s a private student loan (not govt subsidized) you can use the proceeds for anything that you deem school related ie if you want to live off campus in a private home, you can use student loans to cover that expense. My ex husband relied only on student loans when he was in grad school and believe me, he didn’t scrimp at all. He even went to Europe for a month and it was all paid for with student loans. Of course, now he will be making gigantic mortgage sized payments until the day he dies, but that’s his problem. It seems like I read somewhere about a woman who would max out her credit card and because she was a student would take out a student loan to pay it off.
