Quote:
Originally Posted by BNR32_Coupe
so i should sell my car, which i spent the past couple of years earning money for, in order to go to school. the thing depreciated liek 4k already, it's more feasible to keep the thing for the long run than to sell it, go to school, then buy another car after school. in fact, if i had the time right now i could pull up some numbers on exactly how much $ i'd save by keeping my present car than selling it just to go to school then buying another one, given that student loans are no interest/low interest.
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This is why you have to list all assets when applying for a student loan. If you own a car, you can sell it to go to school. Or you can use it to drive from living at home to school.
Why should I, as a tax payer, fund your zero interest student loan so you can keep your car? Yes it'd be financially better for you to keep it, yet its not about you, its about subsidizing loaning money to students that NEED it. Sell the car, you obviously don't need it.
You're as bad as a homeless person asking for a handout, yet at least the bum is honest they he'll spend it on booze, hookers and blow.