Is it true that student loan won't approve you if you get a car loan?

Asked by Loisannedora Apr 18, 2020 at 03:40 AM

Question type: General

I was told that if I buy a car while in
school, student loan won't approve
me any money for school and I'm in
university and I recently bought a car
that I'm financing...

1 Answer
40,570

TDolby answered 4 years ago

FAFSA doesn't consider vehicle, home loans and credit cards. As long as you are making timely payments on your auto loan and able to make the payments your fine.

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