Serious question about student loans!

[Bboy_Trevstuh]

I have student loans through sallie mae and was wondering could I take out money to pay stuff cause i need a 2nd car to get to school! Im trying to buy backfire32 car that's why I want to take out a loan. My parents can't help cause they need there own money and I don't have any help! I figure since I got to pay them back why not could I borrow $4000 right! Help me people please I want this car.

[NAiL05]

You can take out student loans. I think you can use them for transportation, food, living, tuition it depends. I know phatdoughnut took a student loan to buy a bike.

[Bboy_Trevstuh]

So should I call them up tomorrow and ask for the 4 grand!

[King James]

I had a 10000 student loan...I spent it all on drugs and alcohol....Not the smartest thing ive ever done.

[sackingz123]

so you want a turboed car, thats so reliable

[NAiL05]

so you want a turboed car, thats so reliable

If you known Tims car his car is one of the most reliable boosted setups I have seen. That thing has rarely broke down for the past two years I have seen it. The only thing that has held him back has been minor fender benders. Never the motor.

[Bboy_Trevstuh]

I been knowing tim for some years now and back in late 04 when he went turbo the car has never brok down really! And besides I would rather buy the car that way he can still see it and still work on with me if he wants! My accord is bad luck either Im getting into wrecks or motor problems. Right now the front end is fucked, my vin is just like cp[mike] with 666 in it lol!

[NAiL05]

That means I can get your ebrake and the rear cover for your center console right? DEAL haha.

[sackingz123]

? about student loans. now is that free cash for college? or is that wat u pay back. ppl spending it on other items aint that smart

[NAiL05]

You pay it back hence LOAN.

[TheNextAZN]

damn loans!!! i'm getting 10,000 this year.. gotta pay the damn credit card bills off.. then use the rest for school and freqin gas to get to school.. oh and keep the h22 healthy! haha

And yes you are able to get loans out, if ur current loan was under ur own name without a co-signer. I"m co-signed with my dad, so i'd have to get his permission as well. So as along as everything was under your name everything you do is your responsibility.

[Bboy_Trevstuh]

Oh snaps tomorrow Im calling so I can get this $4000 for his car and yea nelson you can get the 5th gen console and ebrake you want the 4th gen lude si seats too?

[NAiL05]

Ehh i dunno man. Ill think about it I shall let you know sir. Ill go sit in your car to see how it feels haha. Ive ridden in them before I just dont remember since its been a while.

[owequitit]

It isn't as easy as that.

1) Just because you needed a cosigner in the past, does not mean you will need one in the future. All incoming freshman are required to have one, regardless of credit. It is because the drop out rate of freshmen is very high.

2) If it is an educational loan, the school must certify the amount you are allowed to borrow. If the school does not certify it, you will not get it.

3) In order to qualify you typically have to be enrolled at least half time, which in most schools is 6 credits. If you are not enrolled full time, the amount the school is allowed to certify you for is less. That includes half time enrollment.

4) The amount the school can certify you for is based on the cost of attendence and any other related expenses, such as cost of living or housing allowance. The amount certified typically gives you just enough money to exist, and not much else.

You can spend that money on other related living expenses, but you will probably end up short by that amount in your budget.

It honestly, isn't the wisest move.

[Bboy_Trevstuh]

Crap this sucks!