Money is fungible, so the ethics of what you are considering can get a bit fuzzy. If by “banking federal loans” you mean taking the loans in D20’s name and then setting the loan funds side for use by D24, I don’t think you can do that strictly from a logistics standpoint, and, at least for me, that would raise ethical concerns. My understanding is that federal direct loans are administered by the borrowing student’s college, and the borrowed funds go directly to the school to pay billed expenses. In this case, what you would be “banking” is your own money that you would otherwise be cash flowing to pay D20’s expenses that are now paid for with the federal direct loans. I personally see no ethical issue doing things this way, as you are planning to pay back the loans yourself.
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