Could I consolidate a student loan with an auto loan?

I want to know if I could condsolidate a student loan with an auto loan?

Could I consolidate a student loan with an auto loan?
If the student loan is a government guaranteed loan (stafford, perkins, etc). then you wouldn't want to because the repayment terms of those loans is very favorable and you lose those terms if you combined them with any other loan.





If it is a private loan then the only way you could do this is with an unsecured private loan. Which you probably still wouldn't want to because the interest rate and length of repayment period are much worse for personal loans than for either a car or student loan.
Reply:not a good idea.





both the student loan and the auto loan are relatively low interest -- the first because the government wants it that way and the second because there is some valuable collateral [your car] the bank can seize if you don't pay.





the interest rate on any loan you might consolidate both into would likely be worse than what you are paying now.








It would be far better to reduce spending and pay those loans off.