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Yes in theory you can, once you receive your student loan as a lump sum you can use it for whatever purpose. But it is not wise due to the risk of your education.

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14y ago

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Can you use a car loan as a down payment on a car?

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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.


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How can I figure out my student loan payments?

To figure out your student loan payments, you can use an online loan calculator or contact your loan servicer. Input your loan amount, interest rate, and repayment term to determine your monthly payments.


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What is meant when bankers and investors use the words student loan consolidation interest rate?

When bankers and investors use the term "student loan consolidation interest rate," they are referring to the interest rate that borrowers will be charged when they consolidate their student loans. Student loan consolidation allows borrowers to combine multiple loans into a single loan with a new interest rate, typically based on the weighted average of the interest rates of the loans being consolidated.


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