Is there any kind of student loan that they send you a check for and not through your school?
Posted by StudentLoan on August 7th, 2010 | 3 comments
i am in DESPERATE need of the car, me as well as my bf share the single automobile as well as his straight away totaled. you have NO additional income for payments upon the car as well as were wondering if the tyro loan (since it does not have to be paid for until after i graduate) would work.
thanks!
Comments
Yes, most student loans will send YOU the check. The catch is, you have to be enrolled at least half time in college, and come time for grades, you have to maintain a C or above, or they may revoke your money. If you are doing the GI bill, you have to pay back the money quickly if you fall below a C.
This, but, is the quickest way to run up an enormous debt which you WILL have to pay back. The do not mess around with the student loans. In the long run, you will end up paying back the loans for years, and years. I would try to avoid them by any means necessary.
If it were me, I would take a part time job, and save up about $500 to $1,000, and pay cash for a beater car. You are in college. There is plenty of time to go into debt like most Americans after you graduate.
when you apply for a student loan government or private student loan.. you must provide school information. the checks will be sent to your schoo only and any left over from the amount will be mailed to you.( the school mails a check to you.
Yes, the check comes to you not the school. This question has been questioned before on this site. Excellent Luck with school and on getting your loans. I know people that have even used their money to go to Europe and make a car buy. Use your money wisely because you will have to pay it back. You can also reckon about serving in the military to pay down and even eliminate the debt. The military does need many types of professionals, ie., doctors, nurses, psychologists attorneys, vets, engineers, pastors, musicians………… Excellent Luck.