Can You Use FAFSA Money To Buy A Car?



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Adaline
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You are not allowed to utilise funds from student loans to purchase a vehicle. Additionally, you are unable to use money from your financial assistance package to buy an automobile. Particularly, a qualified education loan is only used to pay for qualified higher education expenses, which are limited to the cost of attendance as determined by the college or university. This is the case because qualified higher education expenses are the only ones that can be paid for with qualified higher education expenses.
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