FundingU loan proceeds can be used for anything covered under your college's cost of attendance.
The cost of attendance (COA) is not the bill that you may get from your college; it is the total amount it will cost you to go to college each year. The COA includes:
tuition and fees
on-campus room and board OR a housing and food allowance for off-campus students
books & supplies
It can also include other expenses like an allowance for the rental or purchase of a personal computer