I just received my grant and loan check from school!!?
I just received my grant and loan check from school!!?
Now im thinking about not returning. I just went so i could get a new car! Is this the right thing to do or will they take me to jail for this?
2007-01-19 08:37:33 · 13 answers · asked by Anonymous in Family & Relationships ➔ Singles & Dating
As soon as you drop out, you'll have to start paying back the loan, so you better not use it on a car. Just get a car loan. And some grants may turn into loans if you don't finish school.
2007-01-19 08:41:17 · answer #1 · answered by MJ 2 · 0⤊ 0⤋
People dont understand that student loans are simply PERSONAL LOANS DESIGNED TO TARGET THE SPECIAL INTERESTS AND NEEDS TO INDIVIDUALS GOING TO COLLEGE, that is if you received it from a bank... However the grant money should not be used for a car and STRICTLY for school..
2007-01-19 08:44:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes that is wrong....there are sooooo many people out here that need that money for an education. I say either go back to school or return the check. Do what is right.....a new car is not worth the moral heartache.
2007-01-19 08:43:56 · answer #3 · answered by lizzy 5 · 0⤊ 0⤋
Good move there. Get loans from school, buy a car and ditch school. That car is SO MUCH better for your future than a college degree is.
2007-01-19 08:43:59 · answer #4 · answered by lupin_1375 5 · 0⤊ 0⤋
i can't wait until i get mine...oh you should see if your school monitors who attends class or not. My college just started requiring instructors to take attendance to see who is signing up for classes to get the money and then not showing up for the class. I think they'd require to you to pay it back, or they'd h=kick you out of the school. So it's your choice.
2007-01-19 08:45:45 · answer #5 · answered by angelicasongs 5 · 0⤊ 0⤋
Personally, I think you should return the check. Right or wrong, it is immoral. But, you are the one who has to live with it.
2007-01-19 08:42:16 · answer #6 · answered by Hammer 4 · 0⤊ 0⤋
well, if it's a loan you have to pay it back with really high intrest rates. i would at least do something productive with it!
2007-01-19 08:40:56 · answer #7 · answered by ? 3 · 0⤊ 0⤋
if you cash it and spend it then they will ask you to pay it back depending on the loan
2016-05-23 22:27:35 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Be careful they will eventually want the money back!
2007-01-19 08:41:24 · answer #9 · answered by Anonymous · 0⤊ 0⤋
absolutely get the car! but your in debt now
2007-01-19 08:41:40 · answer #10 · answered by TreZ 1 · 0⤊ 0⤋