| It's very possible to get student loans for students | | | | Another student loan for student with very poor |
| with bad credit. But if you have bad credit, your | | | | credit is the Perkins loan. This is a loan offered to |
| choices of student loan lender are going to be limited. | | | | students who face financial difficulty. The maximum |
| If you have poor credit, your best source of loan | | | | loan amount distributed each year is 4k. |
| funding will be from the federal government. The | | | | The Pell Grant is a source of funding every student |
| government has several loan programs that will grant | | | | should consider. It's a grant, so the money does not |
| students the funding they need. These programs are | | | | need to be repaid. |
| the Stafford loan program, Perkins loan program, and | | | | Now, thee above is all part of the federal student aid |
| the Pell Grant. | | | | package. If these do not provide students with |
| Now, the Stafford loan is given to students on the | | | | enough money to pay for college, then students will |
| basis of financial need. Students with very poor credit | | | | have to seed out private student loan funding. It's |
| can qualify for this loan. The federal government | | | | difficult to get private student loans with bad credit |
| requires parents to contribute part of the funding and | | | | however. Your best bet is to look online for student |
| will take this into account when calculating how much | | | | loan lenders who may give bad credit loans. However, |
| money to give to each student. | | | | the interest rate will likely be high. |