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Student loans are loans that are used mainly to help pay the tuition of a colledge student. With a federal student loan they will alot you a certain ammount of money, after you have paid for your tuition ect. Whatevers left over is yours to spend, it is recommended that you spend it on school related things. Like books, communication, transportation ect.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoYes, 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.
Wiki User
∙ 15y agoSometimes it is possible to do so and even get a good interest rate on it as well. Check with various lending institutions to see which allow that sort of thing.
Wiki User
∙ 16y agoBuy a car? No. Bus fair, yes.
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Can you buy a car with a student loan in the UK?
You could use you loan for that but I think it would be an unwise thing to do.
Is it illegal to get student loans even if you go to school for free but get student loans anyways to buy a car?
Read your loan application carefully. It is probably fraud.
Can an 18 year old with a full time job get financing from a dealership to buy a new car?
Yes you can get a loan from dealer. If you are a student then there are student car loan available for you. See the link in the related link for more informationDepends on your credit history and what the lender is willing to provide.Ans :Sure You can buy a car.
Can I get out of a car loan if I did not buy the car?
If you did not buy the car it depends on the creditor. Some will void out the loan, others will not. If they do not void it then you have all the money from the loan... so you can pay the loan in full immediately. I think it is not very good to get a car loan if you didn't buy he car. it is just my opinion!
Name something used that a highschool student might buy?
car
Can you get a car loan if a student loan is in default?
Auto finance companies are very leary to lend to people that owe the government, so the answer is most likely no. Yes of cours you can get car loan if a student loan is in default there are many online sources which provide car loans for students.
When is it right to start paying a student car loan?
Well, there is no such thing as a "Student Car Loan", but there are student loans and there are car loans. Both are serious financial obligations that accrue interest, so you should start paying them as soon as possible.
What did the math teacher have to do so his daughter could buy a used car?
Cosign the loan
What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in
What is a loan payment interest calculator used for?
There are many uses for a loan payment interest calculator. I used them to calculate how long it will take to pay off my loan whether it is for a car, house, or even student loan.
Can you buy rims with a auto loan?
No the car is security for the loan.
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
