Can you use student loans for rent?

With the rising costs of attending college, millions of students depend on federal and private student loans to pay for their expenses, leaving many wondering how can you use student loans. In addition to scholarships, grants, and financial aid, student loans are another way for more people to have access to higher education.

These student loan funds are essentially borrowed money from either the government or a private lender. Unlike the scholarships featured on Bold.org, these student loans have to be paid back later, with an interest that accumulates over time. As a result, scholarships are often the preferable form of financial aid. To start earning scholarship aid today, sign up for a free Bold.org account!