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Are there any student loans that are not credit based besides Stafford loans?
Wiki User
∙ 16y ago
The only other loan that is not credit based is the federal perkins loan that you apply for when you apply for FASFA.
Wiki User
∙ 16y ago
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If you have frightening credit can you still qualify for a student loan?
Eligibility for Federal Stafford loans are not based on your credit so yes, it is possible to get a student loan even with "frightening" credit. The exception to that is if you have previously defaulted or are significantly past due on a previous student loan. Even in this case, there are options to clear this up pretty quickly, so you may continue your schooling. Finally, most private student loans are credit-based so for those, you will at the very least need a co-signer. Federal loans limits are too low. The "non-credit" based loans like Stafford need to raise their limits to approx. $10,000-$15,000 per year. Then a student has a chance to fully fund their own college tuition at a State College without help from parents. It is every child's right to go to at least a State college of their choice.
Will an auto repossession have an effect on your ability to get non-private student loans?
Student loans through FAFSA is not credit based so no it will not. Private student loans is a diffrent story, which is based on credit.
Can a judgment affect your student loan?
if you are the student trying to get a Stafford, Perkins subsidized or unsubsidized loan no, but parents trying to get a parent plus loan it will because these types of loans are credit based loans. if you are trying to get a personal loan from a lending institution ie. wachovia, Sallie Mae etc. then yes a judgment will affect you.
What are the advantages to having a student credit card over a standard one?
student credit cards and other credit based items such as student loans - Students: apply online fast with a credit card company of your choosing when you feel you are educated and ready. A college credit card can be a student's first step in building good creditA student's first step in obtaining a credit card is to become educated about wise credit usage.
What all expenses can stafford loans be used for?
Stafford loans are fixed rate federal student loans that are guaranteed by the government. They can be used to pay for tuition, housing, books and more. Amount awarded is based on dependency status.
How do you get a loan with no credit check?
There are lots of people with no credit like the new collage students or borrowers, and such people have also opportunities to borrow money for the collage expenses. It is well-known that no credit is far better than a bad credit, but most of the lenders or institutions offering credit to the students need cosigners for such situations. One of the most popular and best student loans offering no credit check loans to the students are Perkins and Federal Stafford loans offering long term interest and support. One can also avail no credit check student loans from state-based federal loans.
Which banks offer the cheapest student credit cards?
Many banks offer student credit cards. The interest rates and fees of the credit cards generally vary based on the student's credit score. Discover It offers a reasonable credit card for students. Additionally, State Farm also has a reasonable credit card for students.
If you have bad credit can you get a student plus loan?
In the USA, Parent PLUS loans are based on credit. Graduate PLUS loans are not based on credit. So, if you are taking the loans out for your kids, then yes the loans are based on your credit score. If you are taking the loans out for yourself for graduate studies, then it does not matter what your credit rating is.
Are you able to apply for a student loan if you are bankrupt?
In the US, yes. Federally guaranteed student loans are not given out based on credit or employment.
How do i get a 1500 loan for a student with no job and reasonable credit?
Fill out the FAFSA form at your Financial aid office at your college. It is not based on income or credit.
Are there income limitations for Stafford Loans?
There are no income limits for unsubsidized Stafford loans.Subsidized Stafford loans are awarded based on need.There are two types of Stafford LoansStafford (Subsidized) - The interest portion of the loan is borne by the federal government. You can apply provided you spent at least half the time in school.Stafford (Unsubsidized) - Interest portion is to be paid even if the student is enrolled in the school. Offered to those with maximum borrowing capacity.
What is a Perkins loan and what is a Stafford loan?
A Perkins loan is a federal student loan program that provides low-interest loans to undergraduate and graduate students who demonstrate exceptional financial need. It is administered by colleges and universities, and the loan is made with government funds. On the other hand, a Stafford loan is another type of federal student loan program that offers loans to undergraduate and graduate students. Stafford loans have fixed interest rates and can be subsidized (based on financial need) or unsubsidized (not based on financial need). They are also administered by colleges and universities.
