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If you have bad credit due are you still eligible for student loans?
Wiki User
∙ 12y ago
I don't know such kind of loan in US, but if you are a citizen if UK then you can definitely have this loan. These loans are specially designed for those unemployed students who wish to carry out their higher studies but could not due to paucity of money and funds.
You can easily find the loan in major loan lending agencies of your city. One thing I must tell you that since you get this loan in spite of bad credit scores, the rate of interest charges is on the higher side. If you are able to repay it on time, then only opt for this loan otherwise this loan might turn out to be a night mare for you..!!!
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoIt depends on how old you are, and if this is your first degree. In the UK if you are a school leaver and you have some bad credit you would be entitled to a student loan. However if you are a mature student they may not grant you one.
Wiki User
∙ 13y agoProbably not
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Are student loans reported on credit history if still a student?
yes
Can you still get federal student loans if you have defaulted on other student loans that are now deferred?
If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.
What are the average interest rates for student loans?
Most student loans are interest free when you are still attending college, then increase from there. It really depends on your credit score to what interest rates you qualify for.
Are any private student loans still considered government loans?
No, by definition, private student loans are not government student loans. Federal student loans are guaranteed by the US, govt, and the govt sets the interest rates and determine the policies around loan limits and repayment. Private student loans are provided by banks, credit unions and other financial institutions such as Sallie Mae. Because they are not guaranteed, they are much higher risk to the lenders, so they are typically credit based. This means interest rates are variable, and determined by the borrower's credit history. Because most student's haven't had a change to acquire good credit, having a co-signer with good credit almost always improves the interest rate. Banks don't have any collateral for student loans.
Where can a student get debt relief for a loan?
There are two different answers, depending on whether a student is looking for relief from a loan or a person is looking for relief from student loans, which are not generally due and payable while they are still students. Student loan relief is available directly from the lender in the form of consolidation or hardship deferment, while for other types of loans a student may be eligible for refinance, deferment by paying interest only or consumer credit counseling depending on the type of loan, the lender, their credit score and their income level.
Can you get Student loans as a felon?
Only if one has a felony drug conviction may they not qualify for student loans. Otherwise, with good credit or a cosigner you can still qualify. If you want to know more, go here: http://www.financialaidfinder.com/financial-aid/seeking-financial-aid/student-loans/
Do student loans show up on your credit report?
yes, the private or federally guaranteed student loans will show up on your credit report. If you are delinquent or in default on your loans, you can get help with consolidating the loans at www.defaultms.com The loans will show up on your credit report, even if they are still designated as deferred. You will not owe anything until roughly 6 months after you graduate, and the loan status will change to active once repayment begins.
Am I eligible for SBA loans if I have bad credit?
Yes. You may have to pay a higher fee, but there is still hopes of you getting approved - especially if you have a good business plan.
Is it possible to get student loans with bad credit history?
There are different ways that you can still get a student loan even if you have a bad credit history. These include getting a co-signer for the loan or you could contact banks and lenders and explain your situation to them.
If you cosign a student loan will you still be eligible for a student loan for yourself?
YES
How To Get Student Loans Without a Cosigner?
If you have been looking for ways to pay for college, you have probably thought about taking out a few student loans. However, you might have found that a lot of student loans require that you have either a high credit score or a cosigner. If you don't have credit or if your credit is bad and if you don't know anyone who is willing to cosign with you for a student loan, you might be unsure of if you will ever be able to pay for college. Fortunately, there are ways to get student loans without a cosigner. First of all, you should consider talking to a financial aid adviser about taking out a federal student loan. Federal student loans allow students to borrow money for school without a cosigner, and they do not even look at your credit score, which means you will still qualify if you have bad credit or if you don't have credit at all. Along with applying for student loans, you can also apply for federal grants. Just like loans, these grants will provide you with the money that you need to pay for college, but you won't have to worry about paying them back in the future. Secondly, you could consider working on your credit score so that you won't need a cosigner in order to get a student loan. Although you might think it will be impossible to boost your credit score, it might be easier than you think. By getting a cell phone or cable bill in your name and paying it on time or getting a credit card and using and paying for it responsibly, you can boost your credit score, and this can help you qualify for student loans without the need for a cosigner. Lastly, you can consider looking for student loans that will allow students with bad credit to apply, even without a cosigner. Although this might be more difficult, a little patience might help you find a lender who is actually willing to give you a chance.
Can you still get student loans under bankruptcy?
Yes.
