I want it to go to school but I want to use it to flip houses or rent out an income property. Basically, I just want to invest it. thanks for the help.
2006-12-13 18:21:20 · 3 answers · asked by AK-47 2 in Business & Finance ➔ Credit
You know it is illegal to get student loans and then not use that money for legitimate educational purposes. If the authorities find out that you're not using the money to fund education, then you can get into some serious trouble. Which if you do take out student loans only to fix your damn house, then I think you should get nailed to the wall jerk! If you want to fix your damn property then go to a B-A-N-K and not school!!!
2006-12-13 19:07:41 · answer #1 · answered by wildbren83 2 · 0⤊ 0⤋
There are many student loans that require you to show them proof of enrollment in a college/university, but then they write you a check and send it to you. You can basically spend it on what you want after that. Just remember you have to pay it all back, so use it for the investment it was meant for (i.e. your education).
2006-12-14 02:30:26 · answer #2 · answered by tooqerq 6 · 0⤊ 0⤋
no. lol. no.
2006-12-14 02:24:02 · answer #3 · answered by IMHO 6 · 0⤊ 0⤋