| Looking for a Bad Credit Student Loan? The good | | | | if you do there are counseling services available and |
| news is you can get a student loan if you have a | | | | pathways to still get credit). If you are not going for |
| bad credit rating. This is because federal funding is | | | | a Federal Student loan, or have one but require |
| specifically designed for getting people who want to | | | | another Student Loan then you may be looking for a |
| study into education, regardless of their financial | | | | private Student Loan Supplement or a Student Loan |
| situation. For this reason the requirements to get a | | | | Consolidation. These types of loan are done by |
| loan are a lot more flexible than your typical financial | | | | non-government financial institutions or private |
| institution. | | | | institutions and do have tighter controls on lending |
| The most popular American Student Loan - the | | | | credit, however you can still obtain these type of |
| Stafford Loan, assumes that most loan applicants will | | | | loans if you have bad credit. |
| be going from high school and then straight into | | | | If you have bad credit you may be slugged with a |
| college and will therefore not have a credit rating at | | | | higher interest rate but you can defer payment of |
| all. It is a fact that Stafford loan do not even check | | | | this loan until after your degree is finished. You will be |
| your credit rating - this is the same for the Perkins | | | | then earning more money and can pay it back easier |
| Loans (for people with extreme financial difficulties). | | | | (and have more time to improve your credit rating). |
| However there are two factors that will effect your | | | | Or better still you can consolidate your loan onto a |
| ability to acquire a federal student loan 1. You have | | | | better rate. As you can see, there are many ways |
| not applied for and defaulted on a Student Loan in | | | | around the problem of bad credit and ways to obtain |
| the past. 2. You do not have a criminal record. (Even | | | | a bad credit student loan. |