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Most lending companies understand that not much credit has been established for new college freshman. So, they rely on information on the students parents to determine eligibility for good loans to the aspiring student.

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12y ago
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12y ago

"Unless you are applying for a Private Student Loan, your credit score is not applicable. The Stafford, Perkins and PLUS loans do NOT depend on your credit score. The PLUS loan does however require that the borrower does not have an adverse credit history."

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10y ago

If one needs a low rate college loan and one has bad credit the best thing to do is to apply to all local banks and see who will give you the best rate. Advice on reducing bad credit rating can be found on Zillow.

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Q: What are the credit requirements to obtain loans for college?
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