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Can i use a student loan to buy a car? I'm getting a stanfford loan from fasfa, so I wanted to know if I could buy a cheap car to get me to and from school.
Started by italianchick9332006 on
, 5 posts
by 5 people.
Answer Snippets (Read the full thread at yahoo):
You ....
It is for that purpose to get what you need to get you through school and a car you get cut from all funding.
Then no it just goes towards the school..why not just take out a auto loan if you want a car? Yes straight to you.
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Is buying a car with private student loans ok? Not sure if I should do it..
Started by Sin on
, 7 posts
by 7 people.
Answer Snippets (Read the full thread at yahoo):
Student loans are to help you survive while attending college and is to go to tuition, housing, transportation....
Yes you can.
Source(s): 30No.
Good luck.
Not 'blow' all your loan money on a car because you will need money to live off of.
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I am currently a beginning grad student. I have a car loan that I have to pay every month. I also have my undergraduate loans that are subsidized. The school loans are deferred since I am in school with no interest until out of school. The school loans...
Started by w3060314 on
, 19 posts
by 1 people.
Answer Snippets (Read the full thread at fool):
I also that your student loans will cost more than the car loan does when they do start charging interest, or ....
I have a car loan that I have to pay every month.
I am currently a beginning grad student.
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Ask your Facebook Friends
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I paid off a student loan that started as 68K, went up as high as 70K and is now a big fat zero!
Only 1 more to go! Yay!
Started by saro on
, 14 posts
by 1 people.
Answer Snippets (Read the full thread at getrichslowly):
They look from school when....
BTW the best about their student loan payments and we nonchalantly say that we don't have any anymore.
I imagine you feel even better since it was your loan.
Paid off my wife's student loans.
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My wife and I were asked, back in 1997 to cosign a loan for a nephew. The loan is still not paid off and, although there is an option to allow it, the lender seems reluctant to remove us as cosigners.
No good deed goes unpunished!
Learn from our mistake...
Started by DVSmith on
, 28 posts
by 16 people.
Answer Snippets (Read the full thread at calguns):
*smacks head....
Not student loan but a car loan I did co-sign.
Not student loan but a car loan I did co-sign.
Never! Never again is what I say.
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I have an emergency fund of 11K.
I owe two portion of student loans
8K and 5.5K both at 6.8%.
I'm thinking about paying off either the 5.5K one or the 8K one. Should I keep my emergency fund the way it is or pay off one of the loans?
Started by growingdollars on
, 27 posts
by 4 people.
Answer Snippets (Read the full thread at fatwallet):
You off the lower balance ....
Once paid off, put $$ back into savings.
You should be back paying down the student loan as quickly as possible.
Once paid off, put $$ back into savings.
The student loan as quickly as possible.
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I will give you a brief synopsis of our financial situation:
Annual house hold income including rental property income: 132K
Debts:
1. Current house 149k (apr 7%)
2. Rental house -100k (apr 4.875%)
3. Student loan 78k (apr 4.5%)
We have currently paid...
Started by jbings4 on
, 13 posts
by 5 people.
Answer Snippets (Read the full thread at savingadvice):
Is it worth it to just suck it up for two more years with the idea of moving... .
Is it worth it to just in student loan debt, and 29k in cc debt.
Off my wife's car which was 7k, 27k in student loan debt, and 29k in cc debt.
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Today's Cleveland Plain Dealer had an article entitled, "Burden of Loans Leaves Many Young Borrowers Falling Behind" on the front page. The article high-lighted a newly wed couple who both have student loans. The woman has $66,000 in student loan debt...
Started by linnylu on
, 15 posts
by 9 people.
Answer Snippets (Read the full thread at collegeconfidential):
Since the government took banks out of the federal student loan businessThere is an income....
I am not anti-student loan that she'll find a teaching job.
Of their finances to see if they could pay off those loans sooner.
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"Parents who borrow money to pay for their children's college education are exacerbating a growing student loan crisis.
Student loan debt amassed by parents is growing faster than loans taken out by the student.
Parents' loan debt has more than doubled...
Started by Dave_Berry on
, 15 posts
by 12 people.
Answer Snippets (Read the full thread at collegeconfidential):
Figures of how much a ....
Whenever you see average student debtThe plight of parents paying for student loans has been on my mind, but not much talked about.
It's your loan too "co" signed.
Be the one required to pay it off.
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The next debt that DH and I were planning to tackle is one of my student loans. However, in recent posts it seems like everyone is saying to just keep the student loans and send the extra $ to retirement. So here is our situation:
6 months emergency fund...
Started by MEJOHNSO on
, 11 posts
by 7 people.
Answer Snippets (Read the full thread at thenest):
It just seems like such an easy think to pay off and the interest rate is higher than the car so logically.
Definitely something to think about before I start making the extra student loan payments.
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