Paying for College With Title Loans | Texas Approval

Paying for College With Title Loans | Texas Approval
6 min read
27 December 2023

Getting a college education is one of the best ways to increase your lifetime earning potential. According to recent reports by the Department of Education, college graduates can earn as much as one million dollars more than high school graduates over a 40-year time period.

That is great news for people who can afford to pay for the rising costs of a college education. Not only do college students have to pay for tuition, but there are other costs associated with attending college that may not be covered by student loans.

  • Shelter
  • Food
  • Books
  • Recreation
  • Clothing
  • Program Fees
  • Travel Expenses
  • Lab Fees
  • Computer Equipment
  • Monthly Cell Phone Expenses

College expenses have increased at such a rate that getting a part-time job will not do much to stave off expenses. What can you do to pay for these expenses that will not leave you tired and discouraged?


Title Loans and College Expenses

One of the best assets that you have to pay for college expenses is your free and clear car title. With a lien-free title, you can use your vehicle as collateral to get Texas car title loans from our network of lenders at Texas Title Loans.

You might be thinking - Can I really exchange my vehicle's title for a loan that I can use to pay for college expenses? Absolutely! You can join thousands of customers who have used their money from the best title loans Texas for all types of expenses.

Although you might be apprehensive about using your vehicle as collateral for a title loan, you should think about the benefits of paying for college with title loans. Here are a few reasons partnering with one of our title loan lenders might be a good idea for you.

  • No Credit Checks
  • Quick Application Process
  • Competitive Interest Rates
  • Affordable Repayment Plans
  • Keep Your Car
  • No Prepayment Penalties


How to Take Out a Title Loan for College Expenses

Whether this is your first vehicle title loan or you are a pro at paying for college with title loans, the process is the same. It requires a small amount of paperwork, verification of your vehicle's value and a few minutes of your time.

Our network of Texas title lenders offer an easy way for you to get cash to pay for your college expenses. By applying online, you can receive a quick response from our title loan representatives.

To get help paying for college with title loans, you must complete an online application. Provide information about your car including its make, mileage, year and model.

After you provide your vehicle's information, you will get an estimate of your vehicle's value. The good news is there is no limit on the amount of money that you can borrow for automobile title loans in Texas.

If your car is valued at $15,000, you could receive a loan for that amount. A new title loan could relieve the stress of paying for college expenses.

A title loan representative will contact you to verify the information on the application. Once you are approved, your loan money will be deposited into you bank account.


How Do I Qualify for Title Loans?

Our company understands that you might not have a lot of money if you are a college student, and that is okay with us. You can qualify for title loan cash if you earn enough income to repay the loan.

You do not have to have a high-paying position to qualify for our loans. There are many sources from which you can receive an income and be eligible for our loan packages.

  • Part-Time Jobs
  • Paid Internships
  • Commission-Based Employment
  • Full-Time Income
  • Annuities
  • Unemployment
  • Retirement
  • Business Income
  • Contract Work

In addition to earning a consistent income, there are other requirements that must be met. You must own the vehicle. You must be at least 18 years old. The title must be free of any liens.

To determine whether you meet our basic title loan qualifications before you apply for a loan, contact us at Texas Title Loans. Our title loan representatives are ready and willing to provide you with all of the information that will help you make the right choice for your situation.

Can a Parent of a College Student Apply for a Title Loan?

If you are a parent and you want to use your vehicle's equity to pay for college expenses, we invite you to complete an application. As long as the vehicle is registered in your name and you meet the other requirements, you could be approved for one of our loans.

At first glance, using your vehicle's equity to pay for college expenses may not seem like a good idea. However, it can be a smart financial move if you are able to abide by the terms of the contract and repay the loan ahead of schedule.

The Benefits of Car Title Loans in Texas

If you have bad credit, getting access to loan money is almost impossible. This means if you run into a financial emergency, a worrisome situation will quickly become a dire one.

Car title loans are one of the very few borrowing options open to people with poor credit. Because title loans are secured with collateral -- the title to a car or truck you own -- title loan lenders bypass the credit verification process altogether.

That's only one way vehicle title loans are beneficial. Here are three more.

  • You can get a title loan even if you aren't working. Banks and credit unions usually only accept income from employment, but title loan lenders accept income from child support, retirement, disability, pension and more.
  • You have flexible repayment options. Many lenders offer instalment loans with monthly payments, just like traditional loans. That makes paying your loan back much easier.
  • You have choices. You're spoiled for choices in Texas when it comes to car title lenders. You have the freedom to choose the one with the best interest rates and repayment plans. Are you upside-down in a title loan? Have a title loan buyout Texas to lower your interest rates. With so many options in our state, you have the control.
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