Answers:
First of all, 100,000 is an awful lot to be aiming for. This would have to be a private loan, you would have to find quite a successful co-signer, and the interest rate would be far higher. After college, your monthly payment could be over a thousand dollars without entering a consolidation.
If you have not already, you should look into Federal Student Loans, which have one of the lowest interest rates out there for Student Loans. This is because they are backed by the Federal Government and also come with Federal Benefits that Private Student Loans don't have.
Your Federal Student Loans can be used for travel expenses, books, food, school supplies, etc. The amount that you are approved for and you agree to borrow will be disbursed starting with your tuition costs for that semester, then moving to your room and board if you live on campus, then satisfying any other school fees you may have. Any left over funds will be sent to you, usually in the form of a check. You will be able to do whatever you wish with these funds.
You are eligible for Federal Student Loans as long as you are attending school at least halftime. If you are below halftime status as a student, you will not be eligible for Federal Student Loan help. Your status is determined by the school and the amount of credit hours you are taking during a given semester. For more information and for a chart which breaks down how much you can borrow each year, please see the source below.
It depends on your income. Generally it's around $300 - $400/month.
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