has anyone got the evo or upgrades with a student loan? i keep telling my bud hes a retard bc he keeps getting loans and modding his integra gsr. dont get me wrong its the nicest one you'll ever see but when he graduates he will be in the whole already

 

While the interest rates on student loans are better than personal loans............................that is the stupidest thing I have ever heard. Take it from someone who is still paying $250 a month for my Bachelor's degree and $262 for my wife's masters. $512 a month is no joke.

 

well as long as he gets his education what the heck right???!!!.....lol

hope he gets a good job is all

 

+1, my roomate bought his new 07 R1 on student loans. The interest rate is great, but damm

 

Not the stupidest thing! It's much better than using standard CC or signature loans debt!! In the end your still paying a buttload of interest on a depriciable asset.

I've seen worse, like I said if you gave me a choice CC at 10%++ or Student loan at 6%....I pick student load, plus it has tax advantages down the road.

 

i just got a loan at 6.5 % ... student loans cant be much better than that! I guess you get the benefit of deferrment...

 

no payment while in school but still in the hole as soon as he graduates. tax advantages? mulholland what did you get a degree in?

 

wish i could put my mods on my house loan!!!...LOL

 

I guess if you look at it like this... if you spend your student loans on mods, and once your done with those mods, sell them & re-pay it back towards your loans it would be alright. No different than using a credit card, atleast you dont have the bill NOW.

My room mate pays there monthly rent bill with student loans...

 

You can, equity loan.

 

thats a way to look at it but f#ck it you only live once right. might as well have your dream car

 

i graduated UC Irvine and have heard of students buying bmws and benzs with their loans.

 

im not familiar with student loans but how could they give someone that much money?

 

I knew this guy during my undergrad who borrowed about 80K and dropped it into his 300Z. It was the fastest car I have ever ridden in, but you know what he had when we graduated? An 80K car that he had to start paying for.

 

Yeah, i think everyone finds out the hard way, its all good until you're out and actually see the lenders coming to collect.