It could affect student loan funding for the next academic year, and those looking to secure grants will find it difficult to get their applications approved. (studentloans.net)
It might sound ridiculous, but college students must use student loan funds only for education - related expenses, such as classes and textbooks. (debt.org)
Yet, while it may be tempting to spend student loan funds on fun and frivolous items, it is essential to use the funds for the purpose they were originally intended educational expenses. (cedaredlending.com)