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.
NO
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.
Some agencies will accept high risk people with bad credit to receive a loan. It is still possible to receive a loan despite having 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.
Yes, you can still get a loan even if you have bad credit from a bankruptcy. Everyone deserves a second chance.
yes no maybe so depends on bad your credit actually is
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NO
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.
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.
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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That is decided by the LENDER.
Some agencies will accept high risk people with bad credit to receive a loan. It is still possible to receive a loan despite having 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.
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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.