I really want to go to Culinary school but I have bad credit.?

Question

Does anyone know how to get a school loan with bad credit???

Answer 1

Two of the major federal student loan programs -- Stafford and Perkins -- require no credit check at all. In fact, your school is prohibited from checking your credit as a condition for offering you these loans. Check and see if your school is eligible to offer Federal Student Aid. Just given the school a call to find out (a) if they are eligible to offer this money and (b) if, based on your specific educational program, you would be considered eligible to receive it (Does it lead to a degree or certificate? Will you be enrolled at least half-time?),

If everyone's eligible, then you should certainly apply. Go to www.fafsa.ed.gov and complete the Free Application for Federal Student Aid (FAFSA) online. After you submit the results to your school, they will typically contact you with information about your eligibility. Most schools send their students a detailed "award letter" that defines how much federal financial aid the student is eligible for (some schools also offer state and/or institutional financial aid as well, so make sure to ask about this funding, too).

If you are not eligible for federal student aid, you can consider applying for a private educational loan. Most of these loans are credit-based. If you have poor credit, you have two option: apply with a creditworthy co-signer or seek out funding opportunities geared towards applicants with poor credit. The former is your best option -- do everything you can to obtain a cosigner. Even applicants with good credit can benefit from applying with a cosigner.

If you can't find anyone to cosign your loan, you might still be able to find a lender who will lend to you. Keep in mind, though, that having bad credit makes you a "high risk" borrower and you will probably receive a lousy interest rate on the loan. I tend to recommend the following two companies to students with not-so-great-credit who are forced to apply w/o a co-signer: Campus Door and Wells Fargo.

Answer 2

Having worked at one of the largest Culinary schools, you are going to have a balance that will not be covered by federal loans. Even Perkins. They will not award that much. The only other option would be to apply for a credit baes loan. If the tuition is about the same at the top schools then you may have a problem with your federal loans not covering all your costs.

Answer 3

nicely culinary college isn't unavoidably "college" or "college" even in spite of the shown fact that it continues to be positioned up-secondary college. it is a few thing that gets you someplace. Culinary college could be a great ingredient, yet you may understand that countless people prefer to prepare dinner... yet that does no longer propose they'll like it after having it as a occupation. chefs paintings many hours, they infrequently get breaks, and that they paintings whilst maximum persons prefer to be with their families. they do no longer gets a commission that nicely. even in spite of the shown fact that, countless people love their job as chefs and make stable use of their culinary training. the subject with culinary college is which you will replace your concepts in a pair of years. circulate to culinary college while you're particular that's what you prefer to do; while you're actually not one hundred% particular, it extremely is an exceedingly high priced determination. that's why countless people choose college first, because of the fact they get extra possibilities. issues like culinary college, rub down clinical care college, or cosmetology college... those issues have a extra concentrated area.