Using Student Loans to Pay Off Credit Card Debt?

My husband was just pre-approved for a $12,000 subsidized student loan. They still need to check with the university he is attending to verify the loan amount....can the university tell them not to give my husband that much money? Tuition is only about 2,000 dollars. What do you think? Will they just give us the $12,000 he qualified for even though tuition is less? We really need this money to pay off credit card debt..plus he WILL use 2,000 of it for school.

Using Student Loans to Pay Off Credit Card Debt?

You can use the loan for whatever you want. Why do you think they offer you the ability to take our far more than the tuition costs? That's the point of a student loan...you use it to help you get through school! It costs money to live in general, get back and forth to school, etc.

Of course you'll have to pay it back but if you take the right courses you should be making more money to compensate.

Using Student Loans to Pay Off Credit Card Debt?

depends really they may see it as living expense as well and pay it to you just tell them you need it for food and rent and stuff and you should be fine

Using Student Loans to Pay Off Credit Card Debt?

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-cons...

if it helps kindly remember me in your voting!.. cheers!