can you use student loans for a car Toronto

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Welcome to Reddit, I’ve used the search, both here on reddit and Google in general, and the general consensus seems to be that using a student loan, especially a private loan, for a car seems to be a bad idea. That makes sense, I’ve seen the interest rates Sallie Mae has.. But I can’t afford to make a.

Other Loans and Student Lines of Credit. Most lending institutions offer lines of credit to students. Generally you can borrow between $5,000 to $10,000 a year, with interest payments required each month and repayment starting six months after completing your studies.

What Can You Use a Student Loan for – – Whether you live in a dorm or an off-campus apartment, you can use your student loans to pay for housing and related expenses (e.g., utilities). Living expenses can also vary greatly depending on where you live and whether you attend an urban school (where housing tends to be more expensive) or a rural school.

As a promising medical student at A.T. Still University’s College of Osteopathic Medicine in Kirksville, he chose an.

How to Get a Car Loan as an International Student in Canada | Car. – Your Lack of Credit History: The biggest thing you can do to secure auto financing as an international student is pay a large down payment when you get your loan. With students, we guarantee car loans if that student has a 60% down payment. So if you want a $10,000 vehicle, you would have to pay $6,000 of it up front when you sign the contract.

Now on the market, you can find a large number of dealers and private individuals who are selling used cars. They are all prepared to get rid of used cars with a good discount. This is exactly what we need – a cheap and reliable used car for student with all safety features and low maintenance costs.