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Q: Alex, Jas and Stef each get a student loan to help with living expenses. They decide to allocate two fifths of their loans for food, and one-sixth for travel. What fraction of their student loan will be left to spend?
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Related questions

What services does collegeboard offer to students?

There are a few different services to students, most of which involve helping student with expenses of college life. They help with living expenses, tuition, books and other common expenses for student if they are accepted.


Can student travel be paid for with student loans?

Generally, student loan money can only be used for COA (cost of attendance) related expenses, including housing. These expenses include things like tuition, books, room & board. If the travel is not directly related to your schooling, then student loan money cannot be used for travel expenses. There's some good information on student loans here http://www.financialaidfinder.com/financial-aid/seeking-financial-aid/student-loans/


Know How to Spend Low Interest Student Loans?

Some students assume they can use their low interest student loans to buy anything and everything. The truth is there are strict guidelines over how a student can use his or her low interest student loans. A student should be sure that he or she is only spending the money on living expenses and school expenses.


What percentage of income is recommended to allocate towards student loan payments?

Financial experts typically recommend allocating around 10-15 of your income towards student loan payments.


Can you use student loans for rent?

Yes, It can depending on how you explain yourself to the Lender.


Can you get a student loan for living expenses without a loan for tuition?

Hey dude if want to really needed money then simply get student loans for living expenses. Because it offers instant money and allows to spend money for different purposes. And if want to know more about it them simply go through this site.


How can I access and fill out the student info worksheet in TurboTax?

To access and fill out the student info worksheet in TurboTax, log in to your account and navigate to the section for education expenses. Look for the student info worksheet and follow the prompts to fill in the required information about your education expenses and any related tax credits.


What are some examples of Fixed Expenses?

Mortgage, Automobile loan, student load, insurance


When you start univeristy will you be with someone on the same course or similar as you in student accommondation?

When you start university, you not necessarily be with someone on the same course or similar as you in student accommodation. This will however, depend on the structure that your university uses to allocate accommodation.


Can grandparents receive a tax deduction for contributing to college expenses?

No, grandparents cannot receive a tax deduction for contributing to college expenses unless they are the legal guardians of the student.


where can I get private student load and how can it help me?

A federal student loan is most likely only going to be used on your tuition expenses. This is due to the fact that some federal student loans, like the Stafford or Perkins student loan might only help you pay some of your tuition, in other words it wont cover the full cost of your tuition. In this case it obviously cant help you pay for outside expenses because it does not even cover the cost of your tuition. Private student loans can be much more flexible. A private student loan can be made to cover the entire cost of your tuition as well as cover outside expenses.


Do you have to pay back FAFSA money if not used for school?

If a student accepts what's called a stipend check (the amount of excess Stafford Loan money sent to the student once college expenses have been deducted) then it does count as part of the student loan. Students are responsible for paying back the entire student loan plus interest whether it was spent on educational expenses or not. It is wise to return stipend checks and decrease the amount of student loans you take out.