What should I do with my financial aid student loan refund check?

What should I spend it on? It will be after school starts, %26amp; I will already have all my books %26amp; everything. I think I might get about $8,000 or less back, %26amp; I really need the money, but I don't know what to use it for. I would like to buy a used car for transportation to %26amp; from school, but someone told me I couldn't use it for that. The bus transportation system SUCKS here in Denton, TX! It's very ridiculous. It takes me 2 1/2 hrs. to get some place by bus that takes 5-10 minutes by car. Or do you think it would be easier if I take a cab every day? I estimated that would be like $320/month. I don't know...but the bus would be free, but it's dangerous to be taking the bus during dusk before 6 PM in order to get to a required 8 AM class. But @ the same time, you can't rely on a taxi to be there when you want it to. So I guess I'm better off with a car. Financial Aid doesn't ask you what you did with your money anyway. What else should I do with any leftover money?

What should I do with my financial aid student loan refund check?

It sounds as if you really need a car. That would be better and safer than a car or bus. Remember to save enough out to pay the insurance and gas.

You probably will save money by being able to go to cheaper places and buying your groceries in bulk (which is hard to do in a cab or bus) so I think a car would be a good investment.

And just think, if you want an ice cream cone in the middle of the night,, you can just hop in your car and go. LOL ---I do that sometime.

What should I do with my financial aid student loan refund check?

Purchasing a car, insurance, gasoline, etc. for purposes of going to/from school is a legitimate expense for financial aid purposes. Report It

What should I do with my financial aid student loan refund check?

You could save it for next semester and reduce the amount of student loans that you need.

What should I do with my financial aid student loan refund check?

You can do whatever you want with the money. It's all yours!

What should I do with my financial aid student loan refund check?

I don't see why you can't use the money to buy the car. Your friend may not know what he/she is talking about. A car would be a good investment. With my first financial aid check I bought a decent used vehicle. I say go for it.