Student Loans, Poor Credit, Information & Resources

Get a student loan even if you have poor credit. If you're a student who has sub-standard credit, you can still qualify for a student loan for college. Your best first step you is to run your credit and determine your credit score. This will give you an idea of which lenders you should probably select to submit your application. Many students do not know their credit score, and they assume that they have poor credit and cannot get a student loan, but after running the credit, are surprised that they can qualify for much better school loans that they initially thought. If your credit score is below 625 and you have multiple 30+ day late payments and/or collection accounts, you will need to search for a specialized student loan lender.

Once you decide whether you can go with a larger lender or a service that specializes in challenged credit student loans, you will need to complete one of their applications. Most lenders have online applications that you can complete which makes it very easy to get approved. There are many of these lenders available at your disposal and we have links to these sites here. Please feel free to use any of the information and links on our site to assist you with finding a poor credit student loan.

Additional Poor Credit Student Loans Information


What is FAFSA? The FAFSA, or Free Applicaton for Federal Student Aid, is the first step in the financial aid process. In order to qualify for a student aid loan you will need to complete the FAFSA application. The FAFSA online application will ask income history and other important information. After submitting the application, it will be processed by the Department of Education. Once they have determined what aid you qualify for, you will be sent a Student Aid Report (SAR). An electronic copy of your SAR is also made available to the schools you've listed on your FAFSA. The Student Aid Report will show what types of aid you qualify for, including federal and state grants, such as the Pell grant, Stafford loans, and parent loans.

Resources


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