If I get a student loan, will it affect my financial aid and can i use that

[bopbo]

loan to finance a car or buy used? I mean I do need a reliable car to get back and forth to the college. Could'nt that be considered an educational expense?

[nely]

No, they don't consider getting a car a necessity. Also, after you get a car, you'll have to worry about insurance and gas which you can't try to write off as a educational expense.

Your financial aid will more than likely be affected by getting an additional student loan if it is not a federal loan offered through FAFSA. If you get the loan, then your level of need generally goes down. Same goes for getting a scholarship. The financial aid dept is very particular about how much money they give out.