[SPLIT] using Fed. educ. loan for buying car instead

camaliya

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Sep 15, 2008
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Hi, I was recently permitted for a government grant for my higher education. After getting off the phone with the specialist about my grant, I understood that I wanted funding for a used car versus my education since I would need the car to get to institute. If I am actually officially permitted for the government grant for my education, but use the money for a down payment for a car instead would I get in some problem? Is there any good suggestion regarding my case?
 
calulating interest and principal components

camaliya said:
Hi, I was recently permitted for a government grant for my higher education. After getting off the phone with the specialist about my grant, I understood that I wanted funding for a used car versus my education since I would need the car to get to institute. If I am actually officially permitted for the government grant for my education, but use the money for a down payment for a car instead would I get in some problem? Is there any good suggestion regarding my case?

You need a lawyer - to help you with law - not mathematics homework!!
 
Re: calulating interest and principal components

camaliya said:
... If I am actually officially permitted for the government grant for my education, but use the money for a down payment for a car instead would I get in some problem?

Hello Camaliya:

Is this post some kind of joke?

If you're actually serious, and you're talking about the United States government, then OF COURSE there will be a problem if you get caught. (And, if you break this law, then I certainly hope that you DO get caught.)

You don't need a lawyer; you need common sense!

~ Mark :|


PS: Why did you post this "question" at the end of somebody else's conversation?
 
Re: calulating interest and principal components

I walked to and from school over 4 miles per day from grades 1 to 8, and am not dead :shock:

And WHY did you post this at end of a thread that's close to 1 year inactive ?

EDIT: Sorry Sub and Mark; was at bottom of page1, and didn't see your posts...
 
mmm4444bot said:
PS: Why did you post this "question" at the end of somebody else's conversation?
Denis said:
And WHY did you post this at end of a thread that's close to 1 year inactive ?
New thread split from retired thread.
 
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