Can you use a student debt consolidation loan for personal use?

mistyerious asked:


I have researched online and am still not clear on how this works. I really need a personal loan to help out with some other bills and am no longer able to take my classes. I am now in deferrment on my federal loan and they don’t do credit checks or anything for a consolidation loan. Just curious.

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Tags: Debt Consolidation Loan, Loan Personal, Student Loan

This entry was posted on Wednesday, February 11th, 2009 at 12:21 am and is filed under Personal Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Can you use a student debt consolidation loan for personal use?”

1. Tiare Says:
   February 13th, 2009 at 4:43 pm

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   no, you dont get any money when you consolidate. it just changes the terms of your loans.

2. jamesPurple Says:
   February 14th, 2009 at 12:55 am

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   Depending wich type of student loan consolidation. Private (finance companies) consolidations may accept to include personal debts in the loan.

   Good luck !

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