What Can You Buy With Student Loans May 2026

: The cost of your classes and academic fees (lab, course materials, technology).

: Expenses such as vacations (e.g., spring break), concert tickets, or high-end electronics not required for school are prohibited.

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

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

: Child care or adult care expenses required while you attend classes.

: Essential equipment such as laptops, software licenses, printers, and ink needed for your studies.

: Special equipment, support, or services related to a disability that ensure academic success. Restricted or Prohibited Uses

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