Bad Credit and Student Loans

If you are wondering about bad credit and student loans, and which loans accept limited credit, you should consider the Federal Stafford loan - there is no credit component to qualify. Federal PLUS Loans are also an option as the credit criteria is not as strict as other student loans.

If you need additional funds and are worried your bad credit will hurt your chances, with the help of a qualified cosigner, consider an Alternative Student Loan. Applying with a cosigner can improve your chances of getting approved and possibly help you get a better interest rate.

Apply now for an Alternative Student Loan with a credit worthy Cosigner.

How Bad Credit affects your ability to get Student Loans

Your credit score is a number ranging between 300 and 850 which is derived from your credit report. It gives lenders a quick view of you as a borrower and allows them to make decisions about how risky lending you money will be. Your credit score is like an SAT score for life - it will be used to represent you and the likelihood that you will succeed or fail financially.

Applying for Student Loans with Bad Credit

Your credit report contains information that affects whether you can get a loan. You should review your credit report to make sure the information is accurate, complete, and up-to-date before you apply for a loan or for other major purchases like a house, car, insurance, etc.

Get your credit report for free and improve your credit score now!

Student Credit Cards can help you build Credit

If you are a student with poor or limited credit, a student credit card can help you build the credit history that you need to improve your FICO® score.

Manage Your Credit Debt Better

Credit cards for students come in handy for emergencies as well as for things that we know we'll probably regret later. Like most people, there is a good chance that you're not using cash to pay your way through college. Many college students get into credit card debt and need help you manage and eliminate student credit card debt.

Questions About Bad Credit Student Loans and Student Credit

The Student Credit Forum is the place to ask specific questions about student credit or financial issues. It's also the right place to share your experiences, both good and bad with other students. Registration is free and only takes a second. You don't need to register to read the forum. Also, for general financial aid questions, visit Financial Aid Forums.

Step-By-Step Instructions for Repairing Credit

Under the law, both the credit bureaus and the organization that provided the information to the credit bureaus, such as a bank or credit card company, have responsibilities for correcting inaccurate or incomplete information in your credit report. Repairing your credit begins with the correction of incorrect items on your credit report.

Student loans for people with bad credit are available

Consider all your options (including federal student loans), work on improving your credit, and talk with your financial aid office.