2006-12-26 11:27:39 · 4 answers · asked by wiltherealslimshadypleeseshutup 2 in Education & Reference ➔ Financial Aid
www.fafsa.com. pell, state grants and student loans..these loans are NOT based on income or credit.. Thank GOD..my credit sucks. Colleges also offer school grants and private scholarships. You CAN GET LOANS with poor credit just not private loans..I have 2 bankruptcies and have had 4 loans since then so I know you can..u need no co signer.
2006-12-26 13:22:02 · answer #1 · answered by chilover 7 · 0⤊ 0⤋
If you apply for a student loan with an accredited federal program such as Sallie Mae, it is NOT based off of credit. Let's face it, with sooooooo many credit options out there, majority of college students have bad credit. Therefore, no one would be able to attend college because no one could afford it without loans or financial aid!
They give you aid counting on your degree to be able to provide you enough income in the future to pay them back. Sallie Mae is also guaranteed... for instance, if you claim bankruptcy later on, their student loans can NOT be written off... they can also garnish your whole or partial tax return if you are in default. They don't care about your credit... they will get their money back one way or another... not to scare you, but just so you know...
2006-12-27 03:29:04 · answer #2 · answered by a friend 1 · 0⤊ 0⤋
When applying for student loans, you want to apply for government loans. Government loans are at no cost and do not require a credit check. There are several ways you can go about to apply for a government loan.
The first step you need to do to apply for a government loan is to apply through FAFSA. FAFSA should be completed in the beginning of the year each year. By completing your FAFSA early in the year you have a better opportunity to receive the amount you need. Also, by applying early you have a better opportunity to receive subsidized loans. With a subsidized loan, the government pays interest on that loan while you are in school. In that case, you will not accrue any of that interest.
Once you have completed FAFSA you will receive an award letter. If your award is not enough, the second step would be to apply for a Stafford loan or a parent plus loan. Understand that these are not private loans, they are government loans. Private loans provide higher interest rates than government loans. When applying for a Stafford Loan or a Parent Plus Loan you can simply take a few minutes and print out the application through our website at www.studentaidlending.com. Once you have completed those applications, just send them back to us, we will get those processed for you immediately and inform you of your eligibility.
My name is Monica Steczek and I work with Student Aid Lending. We are a title four lender administered by the Department of Education to help students such as yourself with any questions or concerns relating to student loans. If you have any additional questions, do not hesitate to call me. I will be your personal student aid advisor and will be happy to answer those questions for you. You can also get more information through our website. The number is (800) 964-0642 ext 102 and the website is www.studentaidlending.com.
2006-12-27 06:51:23 · answer #3 · answered by Student Loans 4 · 0⤊ 0⤋
You'll be unable to get any student loans if you have poor credit.
Your best chance is Grants, such as PELL Grants.
Whatever college/university, trade school that you want to go to, you are best to go there or to their web site, E-mail, write or best if possible, go in person and talk to one of the FINANCIAL AID OFFICE Counselors. They can help you best to find out what aid is available to you.
Before you go, plan.
Take the following items with you.
If you are living at home or were in the past twelve months, you'll need proof of parents income for your parents or legal guardians.
You'll also need the following items, wether you have lived on your own or not in the past year.
Proof of your own income in the past twelve months.
Picture I.D, Drivers License or other official ID.
Social Security Card
Copy of all outstanding debts
Proof of expenses, such as Rent, Lights, Phone, Medical Bills, Outstanding Credit Debt, etc.
FINANCIAL AID OFFICES AT Universities, Colleges, Trade and Technical Schools offer help for free, do not ever pay anyone to help you find out what financial AID is available to you to help pay your schooling.
The Financial Aid office can also tell you if you qualify for work study, which is work, often on campus they help find you that won't interfer with your schooling.
Good luck!
2006-12-26 14:14:12 · answer #4 · answered by Mountain Bear 4 · 0⤊ 1⤋