Loans

[The Jackson]

I have no experience or familiarity with loans, but I'd like to comment on the issue of getting a horn. Have you looked into using a horn owned by the school? As I understand it, many schools do have tubas that students who do not own their own can use.

[Mr.T439]

Financial aid can be a great help, you can obtain extra money to buy an instrument through your current loans. Go to the financial aid office on your campus and talk to someone about getting extra loans that are essential to your studies and career. They should be able to help.


Hope this helps

[TexTuba]

You are in luck! They just came out with the TROLL grant!!

[Rob]

One thought--seller financing. I lucked out on my first "new/used" horn. It was floating around on a forum and on craigslist for awhile and was located about 150 miles from my house. I talked with the owner, who wasn't in dire need of the money all right now and was agreeable to me paying a decent down payment and making the balance of the payments in 12 equal monthly installments. If he hadn't done this I couldn't have purchased it.

Not saying this will always work, but it might be worth looking into if you either know the seller, have some money to begin with, or have been watching a particular horn that you like and is for sale. Some people might be more interested in getting their asking price than to sit on it and wait and possibly settle for a lower amount.

I know I was lucky, 0% financing and a very nice man to do business with. I would also suggest a written contract to protect the two of you. The gentleman I dealt with was a lawyer and wrote up a very simple contract, no legalese just simple and easy to sign.

The advice that the school probably has horns for your use is also very apt, and you could consider using a school horn while looking for a working deal for yourself, or saving to buy your horn.

Good luck,
Rob

[Rob]

So this is some a-hole wasting our time?

Rob "not posting for his own benefit or to get his posts up"

Can't it then be removed?

[pierso20]

No way dude!
This thread is very valuable to young tubanetters who don't have parents. (smart parents)
I didn't look to see where you live, but where I live, in northern california, kids are getting
more stupider and more stupider.
God help us all if they learn to spent money like our government does!!

PLEASE DON'T REMOVE THIS THREAD!

I hope this was on purpose.....

[Tuba Guy]

where I live, in northern california, kids are getting
more stupider and more stupider.

HEY. Thanks, Brian...

[imperialbari]

Sorry but isn’t the true spelling Sloan?

[Tuba Guy]

you guys are **** dicks...just answer the damn question

The way to get people to answer your question is definitely to insult them. No question there.
It's also a great way to thank them for all of the information that they actually gave you regarding your original question.

Seriously, stop...you're giving our generation a bad name

[tbn.al]

I have an idea for cmro2250. Look up in the right hand quadrant of the tubenet page and find the menu item "Advanced search". Click on that menu item and then type "loans" in the first search box. Click on search and read the 16 pages of previous posts on this topic.

[J Stowe]

But that would take too long.. We're used to being given the answers to the test, not looking them up for ourselves.

[k001k47]

you guys are **** dicks...just answer the damn question

I've been waiting for someone to say this for quite a while now.
I quite agree with the OPs comment. (for the most part)

[Todd S. Malicoate]

Hey all.
I am going to be a college freshman this fall, I am not a music major currently, but I might be in the future. I am looking to purchase a used horn, but money is the issue. I have all my school paid for, through scholarships and financial aid. I know most private student loans will take the cost of school minus what you have...so is there anyway that I can purchase a horn?

I don't think so, at least not with loan money.

It will be extremely difficult to convince a private lender that a non-music major needs a tuba as equipment necessary toward the pursuit of a degree. If you used money from a federally insured student loan to purchase a tuba as a non-major, that could actually be considered fraud.

Since you're not a music major, simply use one of the school-supplied horns at your school. I did this all the way through graduate school and am very glad I don't have all that extra debt to repay now.

If/when you do become a music major, then I think you would have a better chance of convincing a lender that you need an instrument for the pursuit of your degree. I would disagree with that position, but I've known other folks who have used their loan money in that way so it is at least possible. Checking with your school's financial aid office is the best advice. Don't many schools now require that student aid is deposited in the student's bursar account and then used against school expenses anyway?

Todd, hoping that offering his opinion doesn't make him a f****n d***k.

[imperialbari]

Well see that wasn't so hard. Not sure if the added sarcasm was necessary, but thank for your respectable answer.

Welcome to TubeNet!

However you may feel more at home in this forum:

http://launch.groups.yahoo.com/group/TubaEuph/

Klaus

[pierso20]

Hey all.
I am going to be a college freshman this fall, I am not a music major currently, but I might be in the future. I am looking to purchase a used horn, but money is the issue. I have all my school paid for, through scholarships and financial aid. I know most private student loans will take the cost of school minus what you have...so is there anyway that I can purchase a horn?

I don't think so, at least not with loan money.

It will be extremely difficult to convince a private lender that a non-music major needs a tuba as equipment necessary toward the pursuit of a degree. If you used money from a federally insured student loan to purchase a tuba as a non-major, that could actually be considered fraud.

Since you're not a music major, simply use one of the school-supplied horns at your school. I did this all the way through graduate school and am very glad I don't have all that extra debt to repay now.

If/when you do become a music major, then I think you would have a better chance of convincing a lender that you need an instrument for the pursuit of your degree. I would disagree with that position, but I've known other folks who have used their loan money in that way so it is at least possible. Checking with your school's financial aid office is the best advice. Don't many schools now require that student aid is deposited in the student's bursar account and then used against school expenses anyway?

Todd, hoping that offering his opinion doesn't make him a f****n d***k.

Actually, it was the people not offering opinions that made them that way hahaha, so I think you're okay. THOUGH I do disagree with the private lender comments. I have done that in the past and so have other people I know. Most of the time the private lenders don't even look to see what it is for, they just assume you need it and either send you a check or send it to the school. Once it's at the school, the school reimburses it to you. If you have good credit it shouldn't be a problem. This ISN'T the best way to get a horn...at all. After interest you end up paying for a Handmade Baer for the $5000 horn you actually bought. Though, if you REALLY HAVE to have it, I.E you have graduated college or the school horns are GOD AWFUL and you're going to grad school, then I understand.

Good luck with it all.

[k001k47]

I have a suggestion. Get a job. Save money. Buy a brand new tuba.
No insane intrest rates or whatever involved.

[The Jackson]

A brand-new tuba - the codpiece for the contemporary teenager...