Can You Take Out Student Loans For Living Expenses?

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  • Опубликовано: 13 окт 2024
  • Mike Brown of LendEDU answers the question: "Can you take out student loans for living expenses?" Find the entire article at LendEDU: lendedu.com/bl...
    In this video on student loans for living expenses, you'll find:
    Can you take out student loans for living expenses? (:16 - :30)
    College living expenses you can use student loans for (:32 - :53)
    Using student loans for living expenses relative to student loan limits (:55 - 1:33)
    How student loans are used for living expenses (1:34 - 2:12)
    Private student loan options for living expenses (2:14 - 2:49)
    Using federal student loans for living expenses (2:51 - 3:07)
    Using student loans for off-campus housing (3:30 - 4:20)
    Do's and don'ts when using student loans for living expenses (5:07 - 6:14)
    Final thoughts (6:15 - end)
    Find additional student loan resources at LendEDU:
    Federal Student Loans: lendedu.com/bl...
    Private Student Loans for 2021: lendedu.com/bl...
    College Ave Student Loans Review: lendedu.com/bl...
    Earnest Student Loans Review: lendedu.com/bl...
    Citizens Bank Student Loans Review: lendedu.com/bl...
    What to Do When You Run Out of Financial Aid: lendedu.com/bl...
    Current Federal Student Loan Limits: lendedu.com/bl...
    Cost of College in the U.S. - Average Statistics & Institution-Specific Costs: lendedu.com/bl...
    The information in this video is for educational purposes only. Before making any financial decisions, you should consult with a licensed financial professional. LendEDU partners with financial companies who compensate us. These companies may be mentioned in some of our videos or within the resources we have linked to in this description. Compensation, along with hours of in-depth editorial research, determines where & how companies appear in our content.

Комментарии • 44

  • @tukamona96
    @tukamona96 2 года назад +9

    So glad I came across this video. I will be starting graduate school next Spring. I have been applying for scholarships to cover housing. Just in case , its good to know about private loans/ student loans info.

  • @nickeyvalentine
    @nickeyvalentine 3 года назад +28

    do they deposit the money to your account ? or does it come in check form? i am very confused

    • @pnwtree
      @pnwtree 8 месяцев назад

      It can but I've always gotten it deposited

    • @triplea2443
      @triplea2443 7 месяцев назад +1

      Check

    • @Rudenbehr
      @Rudenbehr 7 месяцев назад

      You as an 18 year old should have a bank account. The money should be sent to that account by the college. They will ask your account number and everything.

    • @florencejones2440
      @florencejones2440 5 месяцев назад

      Which school sends to your bank account? Whats the name lf your school pls​@@pnwtree

    • @pnwtree
      @pnwtree 5 месяцев назад

      @florencejones2440 it's been all three of the colleges I've been to in Washington state so could be a state thing? You just give your bank info to the school then they just send it

  • @tymakaeli1480
    @tymakaeli1480 2 года назад +4

    This was so helpful thanks for the info! 😊

  • @ShopperPlug
    @ShopperPlug Год назад

    Great explanation. Can you explain more on how to budget off-campus loans? Thanks.

  • @mage6562
    @mage6562 3 года назад +5

    Very helpful. Thank you for this.

  • @lextacy2008
    @lextacy2008 2 года назад +3

    Do a video on more and more people using student loans refunds post-covid with the trashed job market.

  • @irmakalember3709
    @irmakalember3709 Год назад +2

    So we can take money out to support us for school. Thanks

  • @faithentertainment5281
    @faithentertainment5281 3 года назад +2

    I have a question if you don’t mind thanks

  • @nicolea3537
    @nicolea3537 3 года назад +6

    As a full time student...do I need to be working in order to take out these loans?!

    • @danielvaughn5950
      @danielvaughn5950 3 года назад +4

      I would say yes, as you will likely need to work or at least have an internship or school sponsored job to help with tuition. Factor in everything, loving expenses and everything for your specific financial situation and life circumstances.

    • @ajeleisaiah2888
      @ajeleisaiah2888 2 года назад +2

      How do i applying for the loan

    • @lifewith_cezy
      @lifewith_cezy 2 года назад

      @@ajeleisaiah2888 following

  • @ronald1538
    @ronald1538 3 года назад +5

    I have a stipend 12k a year (4k per semester) for grad school, Can I still take out private student loan to make up for my living expenses and tuition supplies? What if i reached the maximum of federal student loans; would I still be able to take some private student loans to cover living expenses cost?

  • @AlexS-id9oc
    @AlexS-id9oc 4 месяца назад

    Why is the audio panned to the left so much?

  • @faithentertainment5281
    @faithentertainment5281 3 года назад +3

    Thanks for the video just got admitted for MBA program my unsubsidized loan is 20500 it will be enough for my tuition for the one year period I need more for living expenses what do I need to do thanks

  • @florencejones2440
    @florencejones2440 5 месяцев назад

    Can someone tell me the best schools with less hassle?😊

  • @seymanakhmed7228
    @seymanakhmed7228 2 года назад

    Can international students get this loan in the USA if they are studying one of the US universities

  • @chloes2094
    @chloes2094 3 года назад +1

    Thank you!!
    Do you know when the funds are dispersed? I’m moving in June, and class doesn’t start until August.

    • @LendEDU
      @LendEDU  3 года назад +1

      Thanks for watching! For federal student loans, funds are usually disbursed right before school starts, while private student loans have a wider range for disbursement times

  • @randygomez952
    @randygomez952 Год назад +2

    I knew it my finance lady lie to me straight in my face she told me that the only way I can get living expenses was if I lived on campus and since they don't have living quarters there I was unable to get student expenses what my finance loan specifically says living expenses

    • @Kjersain
      @Kjersain Год назад +3

      They always lie you just can’t take there word all the time

    • @randygomez952
      @randygomez952 Год назад +1

      @@Kjersain your right and so were they I'm the one that was wrong it's cause I did have a high school diploma so I didn't get to all the grants that cover the expensive living oh really

  • @br33anoia4321
    @br33anoia4321 3 года назад +2

    Thank you!

    • @LendEDU
      @LendEDU  3 года назад

      You bet! Thanks for watching & for dropping a comment!

  • @silversmoke9530
    @silversmoke9530 3 года назад +13

    Im about to bet 20 grand on red

  • @animuthxtty7554
    @animuthxtty7554 2 года назад

    i get my associates in december and plan to move out to a uni immediately after, i come from a poor family, i work part time (12k/year) and am in school full time but have no savings…i need a loan to cover rent and moving until i find a job up there, im so stressed and anxious, does ANYONE have any advice?

    • @animuthxtty7554
      @animuthxtty7554 2 года назад +2

      also i have two cats that i refuse to rehome so i have to find a uni with living that allows 2 pets 🤧 this is so hard

    • @shawjohnson7847
      @shawjohnson7847 Год назад

      @@animuthxtty7554 You got this, hopefully you figured it out by now. I'm sorta in the same situation but instead of pets I have 2 children & a wife :(. Trying to figure out how to cover expenses while I'm in school as well.

    • @jaidx2_4always47
      @jaidx2_4always47 Год назад

      Would love an update!! Im sure u got it all figured out

    • @matthewhernandez4926
      @matthewhernandez4926 6 месяцев назад

      This is exactly where I'm at. I'm transferring to university real soon and the whole thing is super stressful. I'm hoping it'll work out, and I hoped it worked out for you. if you found any advice I would REALY appreciate it.

  • @darryluroza
    @darryluroza 3 года назад +2

    Bro, just thanks 🙏

  • @SanjaySanjay-zh7nn
    @SanjaySanjay-zh7nn Месяц назад

    Need loan for usa study

  • @Cristobal8605
    @Cristobal8605 3 месяца назад

    This stuff ages like milk.