Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question When do you pay back student car loans? I'm looking to take out a student car loan, I'm 18 years old, and I'm a senior in high school. I've been looking into the details on these kinds of loans, but I have one more question for somebody who's got experience in this.... My question is: When do you actually start to make payments to pay back the loan? Is it after you graduate? Or just instantly? And do you need a down payment? I'm pretty new to the process, so if someone has kind of an overview experience, that'd be awesome. Thanks in advance : ) By tdunham02 Posted on 03/22/09 Total Answers 2 Answers- never!!! Answer by : hilario p On Date 2009-03-22 23:59:28 There is no such thing as a student car loan. There are student loans and there are car loans. Student loans should be used for paying for your college education. Some people are irresponsible and use them to pay for cars, but that is just stupid if you think about it. If you have the money to pay for school, buy an inexpensive used car and use the student loans on your education (like they are supposed to be used). You pay back student loans, with interest, the earlier of 6 months after you fail to be considered a full-time student (carry at least 12 credit hours) or 6 months after you graduate. You pay a back a car loan right after you take delivery on your vehicle. Typically, the first payment is due 30-45 days after purchase. If you don't have a job, you shouldn't be committing yourself to monthly payments of anything. Answer by : Stupid Flanders On Date 2009-03-23 07:14:44   Go Back To Search Results