private loans i.e. Astrive/Sallie Mae and fund use

<p>I was wondering if companies like this just give you a check and expect you to spend the money on college expenses or if there are actually rules in place that prevent you from spending the money on food/clothes ect. My friend said he used some of his loan money from Astrive to buy a televsion but i wasn’t sure if he was telling the truth or not.</p>