College Confidential - View Single Post - Can I apply for a loan and not use all of it for education purposes??

twilight_girl09 · 08-28-2009, 11:37 PM

I want to take out a $5,500 student loan from Sallie Mae. However, I am probably only using $1,000 of it. The rest is for my personal use. Can I do that?!

08-28-2009, 11:37 PM	#1
twilight_girl09 Member Join Date: Sep 2008 Posts: 381	Can I apply for a loan and not use all of it for education purposes?? I want to take out a $5,500 student loan from Sallie Mae. However, I am probably only using $1,000 of it. The rest is for my personal use. Can I do that?!
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