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Student Loans and Financial Aid

Can a college student get a car loan?


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Answered 2009-05-31 01:32:03

Yes, provided they fill the criteria for the loan. Additional info:

Anyone over the age of 18, with a good credit history and a job can get a car loan, if the lender feels their income is sufficient to pay the monthly payments, as well as their other monthly expenses. Just being a college student in itself would not be a disqualifying factor in being approved for the loan.

In some cases though, the bank may require a co-signer on the loan, which means the co-signer will be responsible for the payments if the borrower defaults on the loan.

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