If I take out a loan now for school, but get awarded a scholarship like a month later, can I use the scholarship to pay off the loan instead? That way when I get more scholarships they'll go toward school and I won't owe anyone anything when I graduate
Can you use a scholarship to pay for a student loan while you're in school?
Yes you can do that, unless the scholarship states for tuition and books only. If it is for general college expenses, you can pay the student loan.
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