Welcome to Student Loans Guide
Apply For Student Loans Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Worried About Student Loans, Bad Credit Causing Problems?
from:Thankfully for most students and parents, student loans, bad credit problems or little credit now have almost nothing to do with each other as long as you avoid private student loans that use your credit score as a tool in determining the loan. In the past several issues have prevented students from getting student loans, bad credit being one of the most common. Private lenders can still use your credit score to eliminate you from getting a loan, however federal government loans don't use your credit report, meaning that limiting student loans, bad credit issues, or other financial problem cannot exclude you from qualifying for a loan.
The various types of funds for education that don't require a credit check include Stafford and Perkins federal loans, Pell grants, private grants, school based scholarships, government or private types of grants that are offered outside of the standard loan programs. People that want to apply for student loans, bad credit or no credit in their history, can focus on these types of applications and programs that prevent the need for any credit checks.
Usually for most students seeking student loans, bad credit is not as big of a problem as no credit history at all. For these young adults their parent's, spouses or even friends with good credit can ask as co-signers on the loan, using that credit score for private lenders that require this information. The better the credit score the lower the interest rate will typically be on the loan. Avoid lenders that indicate they don't check your credit score, they are likely charging additional fees somewhere that will add up to more than the higher interest rate would in the long run.
The biggest issue for returning mature students is that often the original student loans have been mismanaged and are the biggest issue on their credit score. If you are planning on obtaining a student loan and know that you have a bad or low credit score, the first thing is to work with a financial consultant or professional credit counselor to get your credit score into shape. This usually means apply for and managing some secured credit cards that can show you pay your bills on time. It may also mean consolidating your outstanding student loans, bad credit issues and other loans into one lower, manageable monthly payment and showing a good payment history for six months to a year. While this may mean delaying your return to school, it will actually provide you a greater opportunity to save up for tuition and education costs, plus you will also repair your credit rating and decrease the overal interest you will have to pay on your loan.
Apply For Student Loans News
Psst, students. Still hope for low-rate student loans, despite Senate balking - Christian Science Monitor
 Politico | Psst, students. Still hope for low-rate student loans, despite Senate balking Christian Science Monitor Without a fix, interest on some subsidized federal student loans would double to 6.8 percent starting July 1. But Thursday's Senate votes are still just theater. Expect parties to haggle over the cash until June 29. By David Grant, Staff writer / May ... Competing student loan plans blocked in US Senate Student loan bills stall in Senate Student Loan Vote: Senate Rejects Democratic, GOP Plans To Extend Current ... |
Carol Todd's Student Loans Forgiven Because She Has Asperger Syndrome - Huffington Post
 The National Law Journal | Carol Todd's Student Loans Forgiven Because She Has Asperger Syndrome Huffington Post But a lawyer for a former law student trying to "discharge," or obtain forgiveness, for more than $300000 in student loan debt recently found a way. Asperger Syndrome, considered a high-functioning form of autism. According to the legal news site ... Law Student's Debt Forgiven Over Asperger's Syndrome Asperger Woman Pardoned her Law School Student Loan Asperger Syndrome prompts court to forgive former law student's debt |
Fitch: Fixed Rate-Private Student Loans Could Spur Growth - MarketWatch (press release)
Fitch: Fixed Rate-Private Student Loans Could Spur Growth MarketWatch (press release) NEW YORK, May 24, 2012 (BUSINESS WIRE) -- Fitch Ratings believes the introduction of fixed-rate private student loans represents a competitively priced, privately financed option for students. That said, the choice between fixed- and variable-rate ... Private Student Loans Are Becoming More Competitive |
Jay Ambrose: Student loans fail students - ReporterNews.com
Jay Ambrose: Student loans fail students ReporterNews.com Email SpeaktoJay@aol.com Education Secretary Arne Duncan says student loans don't push up tuition, but of course, they do, much like housing prices were pushed up by banks giving loans to people who could not afford the mortgages. |
Scott Brown, Elizabeth Warren spar over student loan rate vote - MassLive.com
 MassLive.com | Scott Brown, Elizabeth Warren spar over student loan rate vote MassLive.com By Robert Rizzuto, The Republican Following the failure in the US Senate to advance two bills which would have frozen student loan interest rates at 3.4 percent for another year, the debate came home to the Massachusetts Senate race. Warren restates claim to Native American heritage, citing mother |