What Can You Buy With Student Loans May 2026

: Fees for professional certification tests, training programs, or licenses required for your career field. Essential Living Expenses

: Costs associated with getting to class, such as gas, public transit passes, parking fees, and highway tolls.

: Approved travel, lodging, and program fees for international study. what can you buy with student loans

: Payments for on-campus dorms or off-campus rent and utilities.

: Special equipment, support, or services related to a disability that ensure academic success. Restricted or Prohibited Uses : Payments for on-campus dorms or off-campus rent

: Textbooks, notebooks, lab equipment, and other materials required for coursework.

: You cannot use loan funds to buy a car, motorcycle, house, or condo. : You cannot use loan funds to buy

Student loan funds are generally restricted to that fall within a school's official cost of attendance (COA) . While this includes obvious costs like tuition, it also covers many daily living requirements essential for school attendance. Direct Educational Costs