<prompt> Human: So long story short, I am 21, have a 2012 ford focus and my insurance is currently 240 a month, which is managable but im 99 it is going to increase in october at least another 100 because of an accident claim. So I am not down with paying that much for car insurance, so ideally I would like to sell my car, pay off the loan, and buy a beater, but I dont think anyone is going to give me 8.5k - 9k so I can pay it off, or take over my loan payments of 155 a month. So I was thinking, why dont I just take an extra 9000 out in student loans, pay off my car loan, and get much cheaper insurance, because that seems like the cheapest option. I know that any extra money from the loan that does not get used for tuition gets mailed to me as a check, so they wont have any way of knowing what I use it for, and the auto loan will just be paid off in cash. Now, here is the math, that I am pretty sure I did correctly. My current auto loan is 3 and the student loan would be around 10-11. So basically the question because is the savings from the insurance greater than extra 7-8 being paid annually. Thanks for reading.Option 1: keep car loan 3 interest rate and insurance Car payment: 155 month 9700 leftInsurance: 350 month65 month final cost: 32,450 505 avgmonthOption 2: pay off car loan through school loan 11 interest rate 700 down Car payment: 120 month 9000Insurance: 120 a month liability65 month early payoff: 19,500 300 avgmonth - 120cp x 65 months 7800 with 2700 being just interest. Which means another 3900 to pay off loan 120ins x 65months so total 78003900 780019500120 month payoff: 29,500 240 avgmonth - 120cp x 10 years 120ins x 10 yearsPaying it off at 65 months saves me around 3k in interest, realistically I will pay the car off within 36 months, but I did 65 for the sake of that is the amount left on my original car loan.  <response>: Youll be in breach of contract with your student loan provider if you do that. 