<p>Since I am a transfer student I will have to live off campus. But I do not think I can afford to pay for an apartment by myself. I currently have a loan for the school year but the money is said to be used for on campus housing which I obviously will not be receiving. Is there any way that I can gain access to that money to use it to pay for rent?</p>
<p>Usually when you have students loans the money goes directly to the university in two disbursements, one for first semester and one for second semeseter. Once tuition, fees, and anything else you owe the university for is paid they will issue an excess funds check to you or directly deposit it in your bank account. It is usually available week or so after the start of classes. You can use this money for books or to pay for off campus housing. Just remember to hold on to it carefully because you usually pay for off campus housing monthly so you will need it for the rest of the semester to pay for your housing.</p>