PostHeaderIcon Can you use a student debt consolidation loan for personal use?


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I have researched online and am still not clear on how this works. I really need a personal loan to help out with some other bills and am no longer able to take my classes. I am now in deferrment on my federal loan and they don’t do credit checks or anything for a consolidation loan. Just curious.

2 Responses to “Can you use a student debt consolidation loan for personal use?”

  • Tiare says:

    no, you dont get any money when you consolidate. it just changes the terms of your loans.

  • jamesPurple says:

    Depending wich type of student loan consolidation. Private (finance companies) consolidations may accept to include personal debts in the loan.

    Good luck !

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