The loan proceeds may be used for any purpose.
It said Mr. Mathis received $287,000 from the loan proceeds.
Of the loan proceeds, the department said, Gaubert-related entities illegally received $5.6 million.
The student simply supplies enrollment verification to the lender, and the loan proceeds are disbursed directly to the student.
Mr. Riedlinger said that in most cases the loan proceeds were not not considered taxable income.
The loan proceeds were "co-mingled" with funds of the sister corporations, the Government contends in the suit, which is still in the pretrial stage.
Lucent will probably repay Morgan Stanley out of cash on hand or from loan proceeds.
We have found that most loan proceeds are used to consolidate debts, not to take on additional obligations.
Following the completion of the preparation and compilation of necessary documentation, the loan proceeds are transferred to the borrower.
Any videos developed with federal funding, either grant, contract, or loan proceeds, are not eligible to win.