ok so im trying to sell my car, but it doesnt look like its going to happen before i have to put it away for the winter, but i found the bike i wana buy and can get an awesome deal on it. now what im thinking i can do is take out a student loan to buy the bike, and then come spring sell the car and just repay the student loan. i already have a student loan from ub, is there anyway i can get more? or would i have to wait another semester? also, i rly dont have any credit, so will i have to have a co-signer? the thought behind this is my student loan will not be hit with interest until i graduate, in 4 years, so my car will be long gone b4 then and i wont get hit with any interest.
my questions are i guess, will this work? any big downsides? and good banks to go to for this loan?? or add on to my current loan?
umm… you get 1500 per sem as a fresh, 3500 for soph, and 5500 as a junior and beyond.
they don’t let you take more than that… its all by the amount of credits you have.
getting a bike on a loan through a bank is probably not the greatest idea… especially now… with the winter coming. paying that interest until spring would be bad… if possible I don’t think getting the bike now is a good idea… although an awesome deal on a bike, sounds like its a now or never thing. Just factor in the idea of you being able to afford the bike with out being able to sell the car… if you can do that comfortably then hell go for it. for a co-signer… i think if they have the bike as collateral you’ll be ok
1500/sem for fresh? i alrdy have like 5000, from a private bank or w/e tho, not through the school, and i know what you mean about the interest over the winter, im looking to do it through a school loan so i dont have to worry about interest
I wasn’t able to get a loan for school without a cosigner (well, other than federal)… I would have needed a cosigner. This was Key, but I’m sure they all go through Sallie Mae.
interest still builds up you just don’t have to pay til you graduate…
the loans i was talking about we’re the officialy federal loans. Also i really don’t think a financial institution would let you take out more than you actaully need for school
yo andy i got a loan for the honda build when i was like 17 from citi bank i just had ma dukes co-sign…4 years later still payin and i hav’nt seen that car in 2 years…But if your more responsable then me go for it…
I just took out a student loan to cover moving expenses and furniture and what nots I needed, like a 42" plasma, you can take a private student loan, all you need is proof of employment, driver liscense copy, and proof on enrollment, than they send you a check for the amount of the loan.
ok well i am employed at a place but do not work there, lol i just told them i would maybe work a few days here and there over the winter, so hows the gonna work?
on a side note i think i may have my boss “lay me off” and collect unemployment, its a pool store so i mean, its not liek theres anywork once winter hits.
Okay. So we get one of those one-person-put her up tents. Then we get tarps and enclose it. Then I will give people’s fortunes.
At night we’ll find some Long Island hussy to work for the money and well, we’ll just buy her peanut butter or something. In a kong. That should keep her occupied while we make off with the money!
uhm apply for a student loan when you are enrolled in school?!? not that hard, I had no other loans and my schooling paid for, i just did not have the money to cover moving down here. I am still technically enrolled at RIT due to co-op bullshit that I need to finish, ie them not counting all of one.
I applied for a loan through chase, gave them my proof of enrollement, had a cosigner, filled out the form, mailed it, two weeks later I got a really big check which most is in an ameritrade account right now.
