I am currently a sophomore at Brooklyn College and eligible for both finacial aid and TAP, i wonder if having a car mortgage going to have any effects that would deduct my FAFSA or TAP.
No
A car loan is usually called a loan…not a mortgage.
But having one won’t affect financial aid.
Absolutely not. Why would it.
THANKS GUY!!! I AM GOING TO BUY MY THREE-WHEELED BIKE NOW!!!
Should you want to save the money for your school
Do you need a vehicle in Brooklyn? How much is insurance/gas/upkeep going to be (more than public transportation), how are you going to make the loan payments while you are in school?
Parking won’t be free either.
And what is three wheeled bike?
"And what is three wheeled bike? "
It sounds really easy to steal.
I think taking a loan out for a “three wheeled bike” sounds risky if this student has college costs to pay for.
Tricycle
I’m going to weigh in on this. Where is this student going to park this think in Brooklyn…and hope that it won’t get stolen?
I’ve seen a few 3-wheeled bikes lately in Downstate NY. The’re motorized vehicles that look like motorcycles, but the back is wider and has two wheels instead of one. From the looks of them, the back has some kind of storage. I’d sooner take public transportation and save myself the licensing and insurance fees.