Student loan funds are generally restricted to that fall within a school's official cost of attendance (COA) . While this includes obvious costs like tuition, it also covers many daily living requirements essential for school attendance. Direct Educational Costs
: Basic household items like toiletries, cleaning supplies, and essential furnishings (e.g., bedding, microwaves). Specialized Costs what can you buy with student loans
: Funds should not be used to pay off existing credit card debt or other personal loans. Student loan funds are generally restricted to that
: Costs associated with getting to class, such as gas, public transit passes, parking fees, and highway tolls. Specialized Costs : Funds should not be used
: Child care or adult care expenses required while you attend classes.
: Expenses such as vacations (e.g., spring break), concert tickets, or high-end electronics not required for school are prohibited.