Student Loan Uses: What Can Student Loans Be Used for?
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent, and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or network providers. Read more about our Editorial Guidelines and How We Make Money.
What Are Student Loans?
Student Loan Uses
College Tuition & Fees
Rent & Utilities
Supplies for College
Living Expenses
Care for Dependents
Study Abroad Expenses
Why It’s Important to Use Your Loan Correctly
Common Ways People Misuse Student Loans
Entertainment
Travel & Vacations
Down Payment
Pricey Purchases
Business Expenses
Other Debts
Options When Student Loan Payments Become Too Expensive
Student Loan Refinancing With Lantern
The Takeaway
Photo credit: iStock/Orbon Alija
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About the Author
Nancy Bilyeau writes about student loans, mortgages, car insurance, medical debt and many other finance topics for Lantern. A veteran of the magazine business, she has edited stories on personal finance for Good Housekeeping and DuJour magazines and has written articles for The Wall Street Journal, Readers' Digest, Parade, Town & Country and Lifetime/A&E, among others. She is a graduate of the University of Michigan.
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