are there any loan companies which send the loan amount directly to person ?

suppose you took a loan for your education but instead of giving it directly you want to have control over how and where to spend this money. in short you need loan amount inside your bank and not in some financial aid, are there any companies which provide such facility? lets take a look.

there are two things to know about student loans
1. most federal student loans do not provide money to personal who has applied for the loan , the loan amount would directly go to school or college, the loan was intended for , since it being an education loan this process makes sure that loan goes to concerned party.
2. in case of private loans it may be possible that the bank may send the money to you instead of school , some banks such as chase etc provide such options

so whats the solution? there are following options for you to consider in such case
1. take private loan and make sure to have an option of getting payment directly
2. take federal loan and make the loan amount more than the actual college or school fee, after that you can request college to write a check back to you returning that extra amount
3. take personal loan which is deposited directly to your bank account,although it may not provide benefits of the education loan.

hope that helps you finding the right kind of loans for your educational need .
if you know any other way , please comment we`ll love that .

gud luck!!

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