2007-01-02 20:53:16 · 3 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
try it see what happen
2007-01-02 20:54:50 · answer #1 · answered by fatbaby 2 · 0⤊ 2⤋
Yes, most lenders want proof that you are in school AT LEAST part-time. If you're not in school, your loan usually goes into repayment. So you'll have to start giving the money right back...which you probably won't be able to do, since you wasted it all...and your job (if you even have one) doesn't pay you enough to be able to make the payments (I mean face it: If you were rolling in dough, you wouldn't have needed the loan in the first place)...and then your loan will default...and your credit will be ruined. Yeah, great idea!
2007-01-02 20:58:00 · answer #2 · answered by The Man In The Box 6 · 0⤊ 1⤋
However way you look at it, It's called a STUDENT LOAN.
Duh they need prove that you're an actual student.
2007-01-02 20:59:58 · answer #3 · answered by Diamond 4 · 1⤊ 1⤋