Fed Financial
Are there any student loans that include the cost of paying off a car?
I need to buy a new car, but I'm also planning on going to law school in Sep of 09. I'm planning on buying a modest entry level car for around 17-19km and planning to put 5000 down. However, when I go to school I wont be working and will still have payments. My question is, are there student loans available that could include the cost of paying off the remaining balance of the car at the time?
Public Comments
- From what I know....you can use a student loan for anything you want. My boyfriend's parents used theirs back in the day to pay for their apartment when they were living and going to school together. I'm sure it's still that way but you gotta make sure you ask first! Also make sure that it has a low interest rate so they don't screw you over after you are done with school....I've seen that happen and it's not pretty! Anyways, I hope this helps! Good luck in law school!
- There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most<!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs. http://best-loans.awardspace.com/student-loans.htm Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan-->you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.
