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What is a Student Loan and does it allow you to cover a wide range of expenses relating to school?
Short answer: student loans are loans given to people that are currently enrolled in school and yes, you can use them for personal expenses.  Long answer: be very careful because you can easily be financially ruined if you borrow too much and can't repay it quickly. Once the loans get beyond a certain size relative to your income, you can find it hard to stay ahead of the interest payments let alone actually pay off the principal. These are the facts you need to know: