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What else can I help you with?
Is a student loan considered a secured loan?
No, a student loan is typically considered an unsecured loan because it is not backed by collateral like a house or 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.
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"
What type of collateral is typically required for a student loan?
For a student loan, the typical collateral required is usually not needed, as most student loans are unsecured, meaning they do not require assets like a house or car to secure the loan.
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 should you do with your Unsubsidized Federal student loan disbursement?
Use it to help cover the cost of your education...
