Looking for a Bad Credit Student Loan? The good news is you can get a student loan if you have a bad credit rating. This is because federal funding is specifically designed for getting population who want to study into education, regardless of their financial situation. For this hypothesize the requirements to get a loan are a lot more flexible than your typical financial institution.
The most popular American Student Loan - the Stafford Loan, assumes that most loan applicants will be going from high school and then right into college and will therefore not have a credit rating at all. It is a fact that Stafford loan do not even check your credit rating - this is the same for the Perkins Loans (for population with extreme financial difficulties).
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A Bad prestige student Loan - Can You Get a student Loan With Bad Credit?
However there are two factors that will effect your potential to secure a federal student loan 1. You have not applied for and defaulted on a Student Loan in the past. 2. You do not have a criminal record. (Even if you do there are counseling services available and pathways to still get credit). If you are not going for a Federal Student loan, or have one but wish an additional one Student Loan then you may be looking for a secret Student Loan Supplement or a Student Loan Consolidation. These types of loan are done by non-government financial institutions or secret institutions and do have tighter controls on lending credit, any way you can still secure these type of loans if you have bad credit.
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