| Even with bad credit, a student loan should be still | | | | responsibility to pay the loan for you if you are |
| within reach. Get the financial information you will | | | | unable to do so. |
| need to help you get through school even with a | | | | What to Use a Student Loan For |
| poor credit rating. | | | | You will use the loan money for a variety of |
| A bad credit student loan can be extremely helpful if | | | | purposes: |
| your credit history is not up to scratch. It is | | | | - Living expenses |
| disappointing to think that not having good credit can | | | | - Travel costs to and from college |
| stop you from attending college. Whilst it can be | | | | - Textbooks |
| difficult to find a loan with a competitive interest rate | | | | - College tuition fees |
| if your credit history isn't the best, it is certainly not | | | | High Interest |
| impossible. | | | | As mentioned, it may be hard to find a suitable loan |
| One way to get a student loan is with the help of | | | | with a low interest rate. But don't despair because |
| your parents, if they have better credit than yours. | | | | some student loans will allow you to defer payment |
| A PLUS loan is actually given to the parents rather | | | | until your college degree is complete. You could even |
| than the students. | | | | then look at the option of consolidating your loan. |
| Then there are the US Department of Education | | | | Internet Student Loans |
| student loans which cover as much as the parents | | | | You may be able to find lending institutions online that |
| are required to contribute towards their child's college | | | | offer student loans for bad credit. You complete an |
| expenses. Stafford and Perkins loans are two | | | | online application and have the money mailed to you |
| examples of this type of student loan. | | | | via cheque. |
| You may also be required to have someone co-sign | | | | With the cost of education continually rising, a bad |
| on your loan. It can be a relative or a friend, but | | | | credit student loan might be your only option if you |
| make sure they realize that they are under | | | | wish to pursue studies. |