<p>Youse guys are SO funny. ;) But seriously; more financial aid advice from the frugal and downright middle-income family here. Don't give your kid a car. Insurance, taxes, repair, gas, maintenance....save you a BUNDLE !!! (And just f.w.i.w. - not to push this company in particular, but to let you know that some insurance companies do this.... Geico does not charge ANYTHING for your student if enrolled at college more than 150 miles from home with no vehicle in his/her possession. Student is covered for free over the summer, holidays, etc. Pretty cool, huh? This is a change in their policy as of about 3 years ago..... ) No car plus no insurance should save you several thousand dollars a year! ;)</p>