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Old 09-27-2012, 07:28 PM   #1
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Join Date: Feb 2012
Posts: 95
Financial Aid Question
I do not currently owe my academic institution any overdue funds. Is it ok to take out a financial loan? If so, where will the funds go? (Please Clarify)
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Old 09-27-2012, 08:02 PM   #2
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Join Date: Jul 2012
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Quote:
Is it ok to take out a financial loan?
Private Student Loans? NO!
Direct Unsubsidized Loans? Maybe, only if you need money to buy books, etc.
Direct Subsidized Loans? Sure.

The loan money will go to school first, and then the school would refund any money to you if no balance due.
Last edited by 4kidsdad; 09-27-2012 at 08:05 PM. Reason: More to say
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