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When you get a student debt consolidation loan, do you have to use it for that?

Sep 18, 2010 by Jellybean | Posted in Personal Finance

Even though I have a student debt loan for 5,000 dollars I applied for 5,000 dollars at a bank for a student loan debt consolidation loan but if I get the money I really need it for other things like bills and home payments, will they know and do they

If this is like a personal loan where they put the money into your account or gave you a check to do as you please with (well, you were supposed to pay off your loan) there isn't a way for them to track how you spent it.

The lender would

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