students using uni loans for new cars

[Big Bass Paul]

Since when did student loans become buy a New car loan. ?
A Student at my place of work has used the student loan to pay for new 12 c1 now if I wrong aren't these loans for rent and living expenses ?. Also don't start paying back until earn over 16k.

[Rickzayne]

o well?

[Jon]

[QUOTE=Big Bass Paul;62038]Since when did student loans become buy a New car loan. ?
A Student at my place of work has used the student loan to pay for new 12 c1 now if I wrong aren't these loans for rent and living expenses ?. Also don't start paying back until earn over 16k.[/QUOTE

So some students really do have brains ?

[Rickzayne]

[QUOTE=Jon;62064]

Since when did student loans become buy a New car loan. ?
A Student at my place of work has used the student loan to pay for new 12 c1 now if I wrong aren't these loans for rent and living expenses ?. Also don't start paying back until earn over 16k.[/QUOTE

So some students really do have brains ?

exactly... interest free loan... vs APR

also most likely to get a better deal since they have all cash.

[ZACK]

What's Wrong With Doing This ?

:/

[cyclone]

Question, I do not know your system, would the student loan be thru a private institution or the Government? If private fine more power to him. If from the Government then he is misusing your Tax money. How does it feel to help pay for his car.

[Rickzayne]

well its that or book.... either way its gonna be spent.

I'm more concerned about idiots on the dole.

[ZACK]

I'm more concerned about idiots on the dole.

* Idiots That Are Lazy, And Use The Dole Money To Drink / Use Drugs.

Some People On The Dole Are Decent And Are On It through No Fault Of Their Own...

[cyclone]

* Idiots That Are Lazy, And Use The Dole Money To Drink / Use Drugs.

Uneducated idiots that used there loan money for cars and not school

[ZACK]

Uneducated idiots that used there loan money for cars and not school

Well Sometimes It's Money That Is Being Thrown At Them That Isnt Needed ?

I've Only Had To Spend A Small Part Of My Loan Money On Buying Equipment And I've Got Everything I Need

[cyclone]

Wish someone would throw money at me.

[Rickzayne]

Wish someone would throw money at me.

get a job at a strip club

[THP]

I bought a telly with mine. And to be honest, that's still going strong whereas my qualifications have not helped me in the slightest.

[Stonesy]

I have to admit my £1000 deposit came from there - I live at home with the parents, attend university full time and work 25 hours a week to cover my car costs!

At the end of the day we end up paying it back (the loan part, I also get a grant) so it's a win win for me - it's not like I haven't paid my way anyhow, I've worked since I was 15 and paid extortionate rates of tax before I returned to education last year. In the last 6 months I paid over £1000p/m in tax and NI whilst working 14 hour shifts, 5 days a week for 6 months straight...so a few grand in educational grants is fair game if you ask me; especially when I have to drive past a Job Centre every day, which has scrotes queuing outside with a 3 litre of cider in one hand, and a spliff in the other to collect their share of my wages.

Anyway, I know my next one will be going on my 2k ICE install

[Bensds3]

If someone's giving you money for nothing and you don't have to pay much back until your proper earning then its no worries. I couldn't work during uni so had to use it to buy food but if I had a job I could see it worthwhile.