<prompt> Human: I have one year left of graduate school, and luckily my parents are paying for my college expenses. Would it be wise to take out a student loan and save it to buy a car or something down the road because arent they low interest?  <response>: HELL. NO.Let me expand on this: Student loans are unsecured and not dischargeable even on bankruptcy. A car loan is a secured loan against an asset the car.The fact that youre even asking this means you need to start giving details on how much you want to spend on a car, your budget, your income, your expenses, your existing debts with minimum payments and interest rates and why you think you need a car. 