Student Loans for people with Bad credit?

Question

Hello!

first post and im trying to get some help anyway i can. Im 25 and dont have the best of credit, no bankruptcy or no pays, just not very good..im trying to get a student loan that i would not have to repay until i graduate and do not have a co signer. I really am not sure how to go about doing this. Ive looked into financial aid and that type of thing, right now im just rying to find out if anyone has been in this situation or can point me to a place where i can get a loan to pay for college classes, and as i say will not have to repay until graduation. Hope i made sense and someone out there can help..thanks!:)

Answer 1

Here are some links that might help:
http://xbratx99.livejournal.com/13422.html

Answer 2

Federal Student Aid tends to be non-credit-based. The two major federal student loan programs -- Stafford and Perkins -- require no credit check. In fact, your Financial Aid office is *prohibited* from checking your credit as a condition for receiving this loan. Most students are awarded a Stafford loan of some sort. Students who show financial need are awarded a Subsidized Stafford Loan, while no-need students will receive an Unsubsidized Stafford Loan. Because you are 25, you will be considered "independent" and could be (most likely, WILL be, unless you are wealthy) eligible for both a subsidized AND an unsubsidized Stafford loan.

(There are some types of federal student loans that will subject you to a credit check -- specifically PLUS loans -- though, frankly, these credit checks don't tend to be as deep as others.)

If Stafford & Perkins loans don't cover your costs, you may wish to borrow a private educational loan (i.e. a loan not offered by the federal government, state government, or by your school). When you apply for these loans, your credit will be run. In these instances, it will generally be required that you have good credit OR, at least, that you have a co-signer who does. That said, there are companies you cater to students with less-than-stellar credit. Finaid.org maintains a good list of private loan lenders. If (and only if) you find yourself needing a private loan, check out the lenders on their list. Look for loans that play to your strong points (a job history, perhaps, or a long credit history) and go from there. Here's the list:

http://finaid.org/loans/privatestudentloans.phtml

Answer 3

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 4

you should coach for a the stafford loans, to be eligible, pass to federal stafford loans, and fill out the web software. you could take out a Federal Pell provide, and also a Federal sponsored Stafford mortgage, and a Federal unsubsidized Stafford mortgage, no count number your credit status and also you do not ought to have a co-signer, you in effortless words ought to finish your FAFSA, you could do this on-line, or by your faculties, financail help workplace.

Answer 5

fill out the fafsa form t is FREE you can get it on line or from your fin advisor you must first be reg @ school i have bankruptcy and still qualified hope this helps good luck

Answer 6

i'm no expert but i think you're talking about a Stafford Loan. talk to the folks at the school about that particular loan.

Answer 7

You need to build a credit experience. You'll find a student loan.
Maybe a credit card (paid on time !) can help.

There you go : http://index-go.com/student-loans-finance.asp

Also : http://index-go.com/improve-credit-score-get-out-of-debts-fast.asp

Good luck !