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onesecplz

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  1. taking out loan before grad?

    onesecplz posted a topic in Government, Military
    I'm getting commissioned in the Army and they said they are paying up to $90,000+ in my loans. The question is I have 4 Weeks before I graduate can I still take out a loan from say Stafford (GreatLakes lender)? I want to use the loan for a new car payment. I don't even know if this is ethically right because i be using the money not for school but for something else. is it possible? I'm kinda afraid to call GreatLakes b/c they might report me for misusing loans haha. My recruiters said people have done it in the past but taking out a loan this late in the game seems impossible to me. Thanks for any info!

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