Does anyone know where a student can apply for a student loan and have them send you a check directly instead of having the loan sent to the school?

thanks

Have you done a FAFSA yet and exhausted your fed aid??

I probably wont be able to get financial aid because of my parents, so I am looking to take advantage of me being a student so that I can get a student loan (or two) and use that money towards investing.

That's why I need the loan company to send me a check directly and not pay the school

You obviously need to do a little research on financial aid. Private loans are expensive and dangerous. It should only be borrowed when federal aid has been exhausted....since you use the term "probably" obviously you havent attempted the FAFSA app yet.

Financial aid is for educational expenses. Investing such funds would be considered fraud.

Investing?? Not what student loan are for!

Investing in an education and the legitimate expenses of getting it, sure. Investing in stocks, bonds, starting a business, etc with student loans would be fraud.

In addition to that, student loans are almost impossible to discharge in BK if the investment doesn't work out (not to mention the fact that fraudulently-obtained debts are never discharged).

Many banks will lend money for a legitimate investment if you are credit-worthy.

I'm just playing devil's advocate here, please don't shoot the newbie.

If I had 20K in an investment account and was happy with its performance, and had a tuition bill of 20K, would I be legally or even ethically deficient for taking out a 20K education loan?

Isn't OP's intention just a question of semantics?

If you are honest about your assets on the FASFA, you may still qualify for federal aid including loans. No one is too "rich" to get an unsubsidized staf.

Private loans may view your assets as evidence of your ability to pay.

I see no problem at all as long as you don't misrepresent your financial situation, or what you intend to do with the loan.