| Financial aid is a necessity for almost all students | | | | To apply for a subsidized or unsubsidized Stafford |
| interested in pursuing higher education. Three main | | | | loan, interested students must fill out the FAFSA |
| avenues for financial aid for post-secondary students | | | | (Free Application for Federal Student Aid.) The |
| include scholarships, grants, and student loans. | | | | problem with most Stafford loans is that each loan is |
| Scholarships and grants are often hard to come by, | | | | a small one, and typically does not cover all of the |
| and many students turn to student loans in a time of | | | | student's financial needs. |
| financial need. But what if a student has bad credit or | | | | For additional no credit check student loan help, |
| no credit history? Is it possible to find a no credit | | | | students may also consider the Perkins Loan. Perkins |
| check student loan? | | | | loans come in amounts from $1,000 to $4,000, based |
| The Stafford Loan is the biggest and most important | | | | on the financial need of a student. A combination of |
| credit check free student loan. Students are advised | | | | government money and college money makes up a |
| to apply for a Stafford Loan before any other type | | | | Perkins loan. Schools award Perkins loans on a |
| of loan, regardless of their credit status. Stafford | | | | first-come, first-serve basis, so fill out the FAFSA as |
| loans may be either subsidized or unsubsidized. | | | | soon as you can if you think you may be interested |
| Subsidized Stafford loans are limited to the most | | | | in this type of loan. |
| financially needy students, and the government pays | | | | If you choose to pursue private student loans but |
| the interest until 6 months after the student's | | | | have bad credit or no credit history, most lenders will |
| graduation. Unsubsidized Stafford loans are available | | | | require a co-signer (such as a parent or relative) on |
| to any student who wants one, but students are | | | | your student loan contract. This minimizes their risk in |
| then responsible for the entire interest amount | | | | borrowing money to you. |
| accrued. | | | | |