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Can you get a student loan if you have bad credit as a student?


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Wiki User
2008-03-14 13:16:52
2008-03-14 13:16:52

yes no maybe so depends on bad your credit actually is

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no you do have to have a cosigner with good credit in order to get a student loan.

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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.

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Yes, there are a number of student loan options for those who can't get anyone to cosign and those who have bad credit. One option is a federal loan.

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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.

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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.


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