The rising cost of higher education often leaves students grappling with the question: can I use student loans to cover my living expenses? This isn’t a simple yes or no answer. The ability to utilize student loan funds for living costs depends on a variety of factors, including your country of residence, the type of loan you receive, and your overall financial situation. This guide delves into the complexities of using student loans for living expenses, exploring eligibility criteria, budgeting strategies, potential risks, and viable alternatives. We’ll examine different types of student loans – federal versus private, subsidized versus unsubsidized Read More …
