Can I use my financial aid money to buy a car?

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Can you use financial aid for a car?

My car recently died. It's so old and needed so many things that it's totaled. I go to school about 35 mins away and it is not efficient for me to ride a bus (it would take hours). Can I use some of my financial aid money to buy a cheap car ($1000-1500) for transportation to school?

Answer:

That's ok with most private loans, but you're not really supposed to do that with governemnt loans ...

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Other solutions

Should I use my financial aid money to buy a car?

The car that I have now is older than I am, and it's about to fall apart. I'm surprised it hasn't yet. I use it to get to school and I need a newer one. I should be getting the rest of my financial aid money in two weeks. I don't have to show them that...

Answer:

It sounds like you're already considering it. If that's what you need then I would do that. Transportation...

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Desiree at Yahoo! Answers Mark as irrelevant Undo

Can I buy a car with my financial aid check?

Once i send off my fasfa how long will it take for my financial aid check to come back? Could i buy myself a car(not new, used) with some of that money? Im moving out of my parents house sometime after graduation in may but i dont want to move until...

Answer:

Applying for financial aid is a process that takes weeks, sometimes months, depending on the school...

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Red_e4co... at Yahoo! Answers Mark as irrelevant Undo

Can i spend my remaining amount of my financial aid money?

im just so curious of if i can spend my remaning amount of my financial aid money. it says on my paper remaning amount ;$ 4,721. i want to buy a car for school, but can i use it? im just scared to ask my school lol. i dont want to feel that i just go...

Answer:

If the remaining money is from unused Federal student loan funds, it would be a violation of Federal...

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Gabby at Yahoo! Answers Mark as irrelevant Undo

What is the best thing to do if you only have a total of 2000$ budget to buy a car ?

i am only a student and my frds r tellin me to use some of my fincial aid money from college to cover my montly expences and buy with credit but i was planing to just buy a car that worth 1500 and then cover the insurance and gas expences with the rest...

Answer:

2k really is not going to get anything nice and will only have problems. And if your a femail they will...

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uwat at Yahoo! Answers Mark as irrelevant Undo

Can you use financial aid money to buy non school stuff?

can you use the money you get from financial aid to buy other things such as clothes..food...games...whatever non school-related stuff without consequence? is the spending tracked ? will i receive less or something in the future if someone finds out...

Answer:

yes you can but it is not recommended that you do that. if you have loans you must remember that you...

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tempts15 at Yahoo! Answers Mark as irrelevant Undo

Can I use my financial aid money to buy a laptop?

I don't have a laptop that I can use to college. I'll be going to college in the Fall. I live at home where I have a desktop. I'm just wondering if it is legal to buy a laptop for myself using the financial aid money (I can use it for school-related...

Answer:

Yes it is school related.

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aznyukig... at Yahoo! Answers Mark as irrelevant Undo

My girlfriend and I are heading to marriage and we have some money now. She wants to use it to buy a fancy car and rent an apartment instead of buying our own house. How should I let her know it just doesn't make any sense?

I really don't think people like us, just graduated from college and have some money borrowed from parents, have to spend most of our money on a car. The situation now is in the predictable future we are gonna move anyway, and the way i define 'fancy...

Answer:

In her defense, people usually associate their marriage with the happily ever after. It is very difficult...

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Samir Khan at Quora Mark as irrelevant Undo

Could I use my car as a down payment at a dealership that I still owe money on to buy a car that cost less and?

I owe money on a current loan on my car and I saw a car though an ad of a dealership that I can pay in full and I was wondering if I could use my car as part of payment towards the ...show more

Answer:

sure thing, but they are there just to take more of youtr money, avoid it if you can.

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K6UTDICIBJ6TIRBVO6EK772UE4 at Yahoo! Answers Mark as irrelevant Undo

Can I buy a car with my Financial Aid money?

Im going to a college that is an hour drive away from my house but i dont have a car, so i was thinking i use some money to buy a car.. can i?

Answer:

I don't think you're supposed to, but once any grants or loans that are given to you after they go through...

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2009 College student at Yahoo! Answers Mark as irrelevant Undo

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