Is there a way to take out money from student loans for personal use?

Maria V asked:


I’ve been running seriously low on funds and I need to come up with $1,000 to pay for rent. I have a around $10,000 student loan taken out, but it goes directly to my school instead of to me — is there a way to withdraw some of these funds so they go into my account or mailed to me via check? Is so, how much would the process take?

Brandon

Tags: Loans Personal, Personal Use, Student Loan

This entry was posted on Tuesday, January 13th, 2009 at 10:40 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.

One Response to “Is there a way to take out money from student loans for personal use?”

1. laughingatu24 Says:
   January 13th, 2009 at 2:30 pm

   You would need to find out if you are eligible for more student loans that way the excess will be a refund to you. for example, if you could take out an additional $3000 or so then the difference would be yours. Also check into scholarships and things, so then you can get some of your student loan money.

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