to take out a loan for college do you have to take just have an established credit history or do you need a certain amount of credit points?
2007-02-09 07:35:06 · 4 answers · asked by MaoAce7 1 in Business & Finance ➔ Credit
You do not need a certain ammount of credit points. But something to consider is that, your credit score will determine the rate of interest you are charged on the loan. If you have a low credit score, you are going to pay back more in interest fees than if your credit score was high.
If you don't have a credit history, then you'll need to go through a financial aid lender to get the loan. Good Luck!
2007-02-09 07:48:32 · answer #1 · answered by krodgibami 5 · 0⤊ 0⤋
When I got my GSL for college I had no credit history. You need to go to a financial institution and get into the correct loan program.
2007-02-09 15:43:13 · answer #2 · answered by parsonsel 6 · 0⤊ 1⤋
You can get a student loan but may need a co-signer if you have no credit history.
Also, go to the FAFSA website to see what grants and financial assistance you qualify for.
http://www.fafsa.ed.gov/
2007-02-09 15:45:22 · answer #3 · answered by TeeDawg 6 · 0⤊ 1⤋
I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.
2007-02-09 16:51:56 · answer #4 · answered by Anonymous · 0⤊ 1⤋