> Transportation (cost of travel to/from school, but not for purchase of a vehicle)
> Room and board costs can include one of four allowances, depending on where you live:
> On-campus in housing that is owned or operated by the college
> At home with parents (only applies to students without dependents)
> In housing on a military base or for which a basic housing allowance (BAH) is provided (allowance restricted to board; room is excluded because it is already paid for)
> Off-campus
No "Durable" goods like houses or cars may be bought with student loan money in the US.
That is very interesting, in many years of dealing with student loans for myself and my wife, I have never heard sucha thing! For example, the Department of Education publications usually say somthing like:
"You may use the money you receive only to pay for education expenses at the school that awarded your loan. Education expenses include such school charges as tuition, room and board, fees, books, supplies, equipment, dependent child care expenses, transportation, and rental or purchase of a personal computer"
It would be interesting to find an official statement on this... I couldn't find anything on the Dept. of Ed website and my search for the actual laws didn't turn up anything...
Not everyone lives in areas served by a bus system... none of the paperwork I have ever seen has spelled out any of this like that... it may depend on the school you are attending. I don't know, I haven't found the law or any official statement by the Dept of Ed. on it.
My point is I'm not sure it is actually a rule- I can't find anything official that says that it is a rule. If it is a rule, it is a stupid one- but that is indeed a different discussion.
