What can I use the loan proceeds for?

You can use your loan proceeds for almost anything. The following are some options:

  • Pay off credit cards
  • Pay off student loans*
  • Start or expand a business
  • Pay for college or grad school*
  • Take a course or bootcamp*
  • Pay medical bills
  • Make a large purchase
  • Relocate
  • Travel
  • Athletic training
  • Make home improvements
  • Other


*The use of loan proceeds for education purposes are not applicable in California, Connecticut, Illinois, Washington, or Washington, D.C.

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