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In the USA, if the student loan is Federal like a Stafford or Perkins loan, then yes you can cosign with bad credit. If the student loan is a private student loan, then no, you must have good credit.
Keep in mind, you should never take out private student loans out until you have used up Federal loans, grants, and scholarships. Private student loans have high interest rates and no benefits.
Wiki User
∙ 14y ago
Wiki User
∙ 18y agoIt will if the primary borrower does not keep the terms of the agreement. It will also affect the person's credit score such as the income-to-debt-to- credit ratio.
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Can you get a student loan if you have bad credit as a student?
yes no maybe so depends on bad your credit actually is
Can a student get a loan with bad credit history?
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Can your child get a student loan if you have bad credit?
NO
Could I get I student loan if I have bad credit?
It is possible to get a student loan if you have bad credit, and it might be one of the few loans you can get fairly easily despite bad credit ratings. Beware though of companies trying to sell you bad, overpriced loan products.
Where can one with bad credit apply for a student loan?
The best place to apply for a student loan is through a company that services federal student loans. Otherwise, a few companies that specialize in student loans for those with bad credit include Education Connection and Better Loan Choice.
If you have bad credit and owe a lot on credit cards plus previous student loans can you get a new student loan approved?
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Can a spouse with good credit cosign a student loan for their spouse with bad credit?
That is decided by the LENDER.
What happens with your student loan if both you and your cosigner have bad credit?
If you are getting a Federal Student Loan credit is not an issues. I just got a Federal Student loan and my credit is BAD!!! The thing is, is that it's a Federal Loan so you will always owe that money, even if you claim chapter 7 or 13. I was worried about that too, but I got one just fine.
How are student loan consolidation interest rates calculated?
They are directly determined by the amount of existing credit a person has, and the score of that credit. If a person has bad credit, they will need to find a person (typically their parent) to co-sign the loan. The co-signer assumes responsibility for the loan if it is not paid by the person who originally takes out the loan.
Where can a student get a student loan that has no credit bad credit and parents don't qualify as cosigner and gotten all federal loans I gualify for?
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Can you have a co signer with good credit co sign for a car loan if you have bad credit?
yes
Who will give a sister a student loan with bad credit Can you co-sign for her if you are not blood related?
the person that cosigns for you does not have to be related to you. and i dont know who will give you a loan without one, cause i cant get one either.
