<p>S I’m registered to start college this fall as a fist time freshmen. My tuition fees are on hold because I recently submitted paper work. I will still be able to attend college but my financial aid is delayed. Now I’m in need of a car to go to college(living with parents). If I get a loan to buy a car from a bank or financing company, will this affect my the amount of financial aid i would receive?</p>
<p>Well, it could. If you need to take out a loan for a car that requires a co-signer, and then at some point you need a loan for school that also requires a co-signer, (loans are considered part of financial aid) that same co-signer could be over-extended and you would have to find someone else to help you qualify for a loan for school. That’s not always easy. A car loan should not hurt you in terms of qualifying for a Pell grant or Stafford loan though.</p>