| Have you been kept from applying for loans because | | | | student loan, bad credit history doesn't need to be |
| of bad credit history? Do you see your dreams of | | | | nearly as helpless as you may have been led to |
| college being taken from you because of this? | | | | believe! If you have bad credit student loans, but |
| Admittedly, it can be a great deal easier for you if | | | | your parents are fine, you might want to consider A |
| you have a good credit rating to get the approval | | | | PLUS loan, since it is arranged with your parents |
| you need- BUT it is not as hard as some might think | | | | instead of you. It is put in place for parents who are |
| to get a loan, even with a credit history that is less | | | | financially supporting their children through college, and |
| than ideal. | | | | is a viable option for many young adults. |
| An example? Some don't consider credit rating as | | | | Federal funding is also available, tailored to students |
| essential a factor as others when approving student | | | | who have struggled with their credit history in the |
| loans, such as The Stafford loan. This is a popular US | | | | past. This is definitely worth at least looking into, |
| Department of Education loan, and they assume that | | | | since the requirements are less rigorous than other |
| applicants are leaving high school to go to college, and | | | | lending companies and banks. One more word of |
| are young people with no credit history at all. | | | | advice: if you applied for a federal student loan and |
| Another example is Perkins loan, who also practices | | | | were rejected, it's not the end of the world. |
| the same method, and they are a federal student | | | | Try a private loan. Especially if you are going into a |
| loan for the most destitute families. | | | | field with high earning potential, like a legal or medical |
| Unless you've previously defaulted on a federal | | | | profession, this can be your best choice. |