Will my federal student loans cover the cost of a single dorm?
A question asked by .____.: Will my federal student loans cover the cost of a single dorm?
I know the student loans cover living expenses, but I’m not sure if they’ll cover the bare minimum or the extra money it costs to upgrade to a single dorm as opposed to a double [which has a roommate].
Just to throw this out there for future reference, private loans aren’t really an option as most require a cosigner and I don’t have anyone to cosign.
Thanks for all the help!
Top answer:
Answer by Allison
yup. Federal student loans (the ones you get from filling out the FAFSA) will depend on how much your family can afford to spend on college (as the government determines). In many cases, you’ll only be responsible for paying what they determine you can pay, but this can depend on the school.
You can get unsubsidized federal loans (you have to pay interest while in school) or private loans, however, to cover any school-related expenses, and that would definitely cover a single.
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