by 
Voronwe
ANSWERS: 1
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Loans are allowed to be used for anything related to true living expenses and universities expenses. Tuition, books, rent, utilities, credit card bills, gasoline, maybe a car if you really need it for school - these are all good examples. What it is not supposed to be for is blowing it on extraneous unneccessary items unrelated to your schooling - like electronics, expensive jewelry, excessive entertainment (such as the difference between a movie rental and repeated trips to a theme park), and excessive non-school travel. The way I think of it is if the issuer of the loans asked me to make an accounting of how I spent the money, would I be able to do it in a manner that they would find acceptable? If you can't see the expense being justified in their eyes, you shouldn't spend the money on it.
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