So you’ve received your loan amount from your school and now you need to start thinking about how to utilize it appropriately. It’s still a good point to remember from my previous post, that you never want to take out more than you can afford to repay. Here is a helpful list to think about which gives you authorized educational expenses at the school that certified your loan eligibility.
Authorized educational expenses include:
- Tuition
- Room and board
- Institutional fees
- Books
- Supplies
- Equipment
- Dependent child care expenses
- Transportation and commuting expenses
- Rental or purchase of a personal computer
- Loan fees
- Other documented, authorized costs
If you’re looking for more information on financial aid contact your financial aid team at your university. For students of American Public University, our Financial Aid Team can also help answer any questions you may have! Email them at finaid@apus.edu.
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By Alisa Berry
Online Learning Tips Staff
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