Do student loans automatically pay tuition

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Do student loans automatically pay tuition

Usually, student loans don’t automatically cover taxas de matrícula. Instead, it’s up to the borrower (or the borrower’s parent for a parent PLUS loan) to handle tuition e related expenses. After enrolling and having the school verify the enrollment, the lender releases the loan funds to the borrower or the school. These funds can then be used to cover tuition and other educational costs. The borrower should stay aware of how the funds are used and reach out to the school or lender if any problems arise.