Anyone use their Fin-aid loans for housing off campus? Forum

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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lillawyer2

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Anyone use their Fin-aid loans for housing off campus?

Post by lillawyer2 » Tue May 09, 2017 11:01 am

How does the process work? Did you have to wait till after the senester started to move out?

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cavalier1138

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Re: Anyone use their Fin-aid loans for housing off campus?

Post by cavalier1138 » Tue May 09, 2017 11:27 am

Loans are loans. They don't disburse them to you on a monthly basis after you submit proof of proper housing. You get a lump sum at the beginning of the semester, and it's up to you to budget accordingly. There's no special process based on where you live.

lillawyer2

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Re: Anyone use their Fin-aid loans for housing off campus?

Post by lillawyer2 » Tue May 09, 2017 11:44 am

cavalier1138 wrote:Loans are loans. They don't disburse them to you on a monthly basis after you submit proof of proper housing. You get a lump sum at the beginning of the semester, and it's up to you to budget accordingly. There's no special process based on where you live.
Ok, I get a lump sum (beginning of the semester) and budget accordingly.


Thanks!

goldenbear2020

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Re: Anyone use their Fin-aid loans for housing off campus?

Post by goldenbear2020 » Tue May 09, 2017 1:55 pm

Loans may be disbursed as late as the first week of classes, so you'll need to have the security deposit and first month's rent ready before that.

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