Can you get a college car loan?

Having a Car Loan and Trying to get a college loan?

  • I am interested in purchasing a new car say roughly $18,000.00, and In the near future ( 2 or so years) I would like to go to college. Would i have a hard time getting a college loan, while having such a big car loan? I have good credit, I'm just worried, that if i buy a new car now, that i wouldn't be able for some reason to get a college loan. Because in order to go to college i need a car obviously. Thanks chelsea

  • Answer:

    No, you wouldn't have a hard time. Student loans are different from normal loans. They don't care about you're credit. A grant might be another story, but loans are always available to first time students.

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Learners from poor families who need to have a higher education will normally have to acquire a loan from financial institutions in order to get an education. The government, through the local banks will advance such credit to students and have them pay them off once they have started earning. This may sound good but not until the former student is unable to pay off such debts. http://www.worldbestloans.com/student-loans.htm

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