i am 28 and have bad credit and was wondering if there is a place where i can get a student loan...i have tried for grants but because i was born and raised here i guess i don't qualify.....
2006-12-12 15:49:00 · 5 answers · asked by Travis S 2 in Education & Reference ➔ Financial Aid
Financial Aid eligibility for a "true" student loan, otherwise known as a Stafford, Perkins, etc, will never be affected by your credit rating. Speak with your Financial Aid counselor at your college for further information. Non-Government Subsidized loans however are affected by your credit rating, as they are not really student loans, but consumer or private loans, and are only marketed as a student loan to get your money.
2006-12-12 23:58:53 · answer #1 · answered by dmbandlerico 2 · 0⤊ 0⤋
University Credit Unions are great for low-interest, private student loans.
Federal loans (both subsidized and unsubsidized) are the best because you can consolidate them for a VERY low interest rate. And, if you go back to school, your loans are frozen in time until you graduate--no interest incrued, no payments.
Grad student? Apply for grants! Ask your advisor for help writing a grant proposal.
2006-12-13 00:35:01 · answer #2 · answered by l z 2 · 0⤊ 0⤋
I am 29, and have a terrible credit rating...I can't even get a gas card! But, I did get Stafford loans...for the max possible. That's where I would check first. If you can't get anything else, you will have to tough it through the first term or to in school. Do well in your classes and the other lenders may take you more seriously if you need to go back to them.
2006-12-13 00:09:22 · answer #3 · answered by Brandon W 5 · 0⤊ 0⤋
It's pretty difficult to find without having a cosigner. Look around and talk to the financial aid department, but you're likely to run into some high interest rates.
2006-12-12 23:57:23 · answer #4 · answered by tooqerq 6 · 0⤊ 0⤋
There may be something of use here.
2006-12-14 09:23:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋