Question by  KomputerGeek (16)

Can you obtain a student loan when you have bad credit?


Answer by  jsomer (7)

You can obtain student loans without a credit check through the government's student loan program. These are called federal Stafford Loans. Qualifying for these loans requires you to meet certain income restrictions, or if you are under a certain age, your parents to meet these requirements.


Answer by  patti (29325)

Stafford Loans, student loans guaranteed and subsidized/unsubsidized by the government, are not predicated on credit-worthiness. The original thinking was that most students, at the time of application, have not established credit.


Answer by  Jayomac (44)

Most student loan organizations will give students a loan with bad credit. But just like a normal loan, it will require a co-singer with satisfying credit. Federal Subsidized and Unsubsidized loans are included in the FAFSA (Financial Aid package). Private loans will need to be found from an outside provider.


Answer by  idzuna16 (118)

There are some organizations that can offer you financial aid such as Fafsa which is a goverment grant that everyone I believe is elligible for. You should look into it.


Answer by  domi (124)

Absolutely. Government sponsored student loans require no credit check and are available to everyone in college. These can be obtained through many different lenders and have similar pay back terms as private student loans. These are easy to apply for and funds are sent out usually through your college so you will recieve it together with federal aid.

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