Re:California bans ITT tech from accepting new students
by brianwawok on Tuesday August 30, 2016 @01:08PM
(#12391891)
Transportation means buss fairs not cars.
I was given paperwork when I got my undergrad student loans, and it was very clearly spelled out.
If the loans are private, I am not 100% if all of the same rules apply.
Re:California bans ITT tech from accepting new students
by ensignavenger on Tuesday August 30, 2016 @01:49PM
(#12392239)
Not everyone lives in areas served by a bus system... none of the paperwork I have ever seen has spelled out any of this like that... it may depend on the school you are attending. I don't know, I haven't found the law or any official statement by the Dept of Ed. on it.
Re:California bans ITT tech from accepting new students
by brianwawok on Tuesday August 30, 2016 @03:39PM
(#12393212)
> Not everyone lives in areas served by a bus system..
Totally not related to the discussion. The rule does not say "If you live in a place served by busses, you cannot buy a car with student loan money"
Re:California bans ITT tech from accepting new students
by ensignavenger on Tuesday August 30, 2016 @03:58PM
(#12393359)
My point is I'm not sure it is actually a rule- I can't find anything official that says that it is a rule. If it is a rule, it is a stupid one- but that is indeed a different discussion.
Re:California bans ITT tech from accepting new students
by brianwawok on Tuesday August 30, 2016 @06:30PM
(#12394490)
I agree with the rule. It's meant to discourage people from buying massive expenses with a loan that cant be discharged with bankruptcy.
"You may use the money you receive only to pay for education expenses at the school that awarded your loan. Education expenses include such school charges as tuition, room and board, fees, books, supplies, equipment, dependent child care expenses, transportation, and rental or purchase of a personal computer"
(see https://studentaid.ed.gov/sa/sites/default/files/your-federa...)
It would be interesting to find an official statement on this... I couldn't find anything on the Dept. of Ed website and my search for the actual laws didn't turn up anything...