Im about to go to college with a GED, and I need to apply for a few loans on top of Financial Aid. I've heard about the Perkins and Stafford loans. My credit isnt the best, will I be denied these loans? Who gives out these loans, banks?colleges?
2006-09-15 03:07:58 · 3 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
Generally student loans given by the state do not require credit checks. I believe the Perkins and Stafford are federally funded; as far as I know, no credit checks required there either. The student loans I have worked with are state funded. I don't believe you will have a problem with the student loans. Good luck to you.
2006-09-15 03:17:18 · answer #1 · answered by Patti C 7 · 0⤊ 0⤋
Poor credit history will not matter for some kinds of student loans; it will for others.
See: http://www.bankrate.com/brm/news/pf/20010904a.asp
2006-09-15 10:10:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No.
They really couln't care less. However, you will need to find two referees.
2006-09-15 10:11:26 · answer #3 · answered by Jonathan D 2 · 0⤊ 0⤋