Quote:
Originally Posted by Bucco
"....using the money to take vacations and get botox"
" When a borrower takes out a student loan, the money is disbursed directly to the college, meaning the college receives its money immediately. The borrower then becomes responsible for repaying the loan. In the case of a federal student loan, the federal government is responsible for ensuring the borrower repays the loan in full."
How The Federal Government Could Control College Costs
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All of the Federal money provided for college education does not go directly to the schools. For example, the veterans program and other programs allow money for living expenses and other expenses and the students can spend it anyway they want.