School loans

How do school report the portion of loan that was left over after tuition that is disbursed to student to be used for rent, food …ect

posted

You don't report it, at all. Left over student loan money is not income.

If scholarship money is left over, the answer would be different. But loans are "your money" and it does not matter what you do with the money. It's your money, because you are obligated to pay it back. You weren't given that money. You only borrowed it.