0
Im applying for financial aid for my house payment. will it effect my credit score
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
If i you have bad credit can my kid still get a student loan?
Yes, your kid can apply for financial aid themselves, even if they have no credit or bad credit. Federal financial aid does not look at credit rating or employment status.
Do you have to take 6 credit hours a semeter to get fanacial aid?
Yes, for undergraduate students part-time is considered at least 6 credit hours. Generally, you must attend at least part-time in order to receive financial aid. For graduate students full-time is 9 credit hours or more. Anything under 9 credit hours is part time. Generally, 6 credit hours (usually 2 classes) is the threshold to receive federal financial aid.
You are filling out your fafsa school financial aid will they still wav your tuition even if it seems that your parents made too much money for govt aid to help you they cant afford to send you to sch?
NO....Financial Aid is awarded based on financial need. Even if your parents can not afford to send you to school, the gov't only sees that they made the income listed. At that point it is worked into a formula to come up with a score for you. Based on that score is how much aid is offered. Sounds like you are going to have to do the student loan option, there are many types to choose from, private banks or gov't.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Can i get financial aid if I'm married?
Marriage does not stop you from receiving financial aid.
How does marriage affect financial aid?
marriage wont affect financial aid
How does being on academic suspension affect financial aid?
academic suspension how does it affect financial aid
Do non-credit college courses affect your GPA?
No they do not affect your GPA. However, if you fail them, they will be looking at your academic progress, especially if you are receiving financial aid.
If i you have bad credit can my kid still get a student loan?
Yes, your kid can apply for financial aid themselves, even if they have no credit or bad credit. Federal financial aid does not look at credit rating or employment status.
How does a child affect your financial aid?
In a positive way.
Would joining a sorority increase my financial aid?
Financial aid is based on need. Whether you join a sorority or not should not affect the amount of financial aid you receive, as your need should stay the same.
Do working affect financial aid?
Yes since you may wonder whether you will be able to work to pay for expenses not covered by your financial aid.
What will an sat score of 2060 do for me?
Get you into a good school, and help with merit-based financial aid.
Does a default in child support affect a student from getting financial aid?
Yes it does affect the child from getting financial aid.Mainly because you are a defaulter.
Can you get financial aid if you have bad credit?
Yes for the most part. Credit may be a factor when obtaining private loans, however.
Applying for Federal Financial Aid?
Applying for federal financial aid is quite an easy process. In the past, many people faced problems when they went to take out federal financial aid. Many people faced problems in filling out the FAFSA, which was once a very difficult set of documents to file with the government. A person would have to fill out a FAFSA which could take four or five hours to complete, in order to apply for federal financial aid. These days, it can only take a person up to a half hour to apply for federal financial aid. The FAFSA has been condensed, which makes life easier for the people that are applying for financial aid. It has never been easier for people to apply for aid than with the current version of the FAFSA. If a person truly wants to qualify for student aid, then he or she should be sure to do a variety of other things. It is a good idea for a person to check out his or her credit score, before applying for a federal loan. It is important for a person to make sure that his or her credit score is high enough to qualify for a student loan. All too often, people will apply for student loans with credit scores that are not adequate for taking out such loans. They may be rejected by various credit card companies with their applications for student aid. The government will not give out loans to people that qualify as huge credit risks. A person needs to make sure that his or her credit score is in a good range, before trying to qualify for a loan from the government. It is also a good idea for a person to make sure that he or she has fully filled out the FAFSA. If a person's FAFSA is incomplete, then he or she may miss out on certain grants, because it will take longer for a person to turn in the FAFSA. A person should seek to turn in a FAFSA as soon as possible, so that he or she can qualify for as much aid as possible from the government and the state.
If you have accumulated bad credit while in college can you be denied financial aid?
You can be denied private loans, and grad plus loans for late payments on your credit history. If you default on a federal student loan, you will lose eligibility for all federal financial aid (including grants).
