Could I get a student loan if I already have a personal loan of 60k and a mortgage?

[RED_Knives]

Hello Fellow Comrades.

Would I still be able to get student loans if lets say that same year I get a 60k personal loan?

I'm 23 and live at home but the house we live in is fairly big. I was considering using the 60k loan to pay my family so I could take over there house payments so I could become the legal owner of the house. Since the house is large I could get enough money to break even via renting out the rooms inside the house. literally meaning  I wouldn't have to pay rent. 

the only thing hanging over my shoulder would be the 60k loan and the remaining mortgage. Would I still be able to get student loans to go back to school?

I feel that if I don't take the opportunity it could be a while before I could get a house probably not untell im 30 or older.

[pizzadude]

I think the more likely scenario would be that you'd have trouble obtaining a 60K unsecured / personal loan.  

[RED_Knives]

Current score was 725 a few months ago. Need to update my profile.

[RED_Knives]

Lets say I pull this 60k personal loan in and I just hardly got it. Does this mean theres no way I would get student loans? Because I'm thinking about going back to school I just don't want to worry about paying the rent and other expenses. Plus having a house in my name wouldn't be bad.

[pizzadude]

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@RED_Knives wrote:

Lets say I pull this 60k personal loan in and I just hardly got it. Does this mean theres no way I would get student loans? Because I'm thinking about going back to school I just don't want to worry about paying the rent and other expenses. Plus having a house in my name wouldn't be bad.

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I don't think student loans would be as hard to get, considering that you don't start to repay them for some time.

A 60K personal loan will be very difficult to obtain, even with a good FICO score.

[SCF]

Federal student loans are not based on your credit score or income.  Private student loans consider both of those factors, and many younger students without a steady/proven income have a hard time obtaining them without a co-signer.