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Nope ... the purpose of a student loan is for educational purposes and some living expenses. Besides which, student loans are usually at a high percentage rate - surely one could do much better than 8% or 13% on a car loan these days.
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∙ 16y ago
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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.
Do you have to pay off the car loan if you total the car?
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.
Can student loans cover getting a car?
it depends the type of car the student wants but yes
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Can a student loan cover a laptop?
Yes they can - because it is considered a "school-expense"
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.
Should I use student loan to pay for a new car loan?
As a general rule, it's a bad idea to use a student loan for anything other than educational expenses, and many lenders exclude car payments as a valid expense.
How do you use a student loan?
The purpose of a student loan is to cover the various costs of higher education that a student or his/her supporters can not afford. The costs of higher education include tuition, fees, books, room and board. An independent student may also need funds to cover the cost of living if they go to school without working.
What is the different between a parent loan and a student loan?
Parent Loan: A parent is getting the loan Student loan: A student is getting the loan
What should you do with your Unsubsidized Federal student loan disbursement?
Use it to help cover the cost of your education...
The student loan settlement student loan settlement student loan settlement student loan settlement student loan settlement student loan settlement.?
There are many places to research student loan settlement. You can look at various places on the web or at many banks. Looking for loan settlements can be difficult start by checking www.wellsfargo.com/student
