College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider

No Need for Concern with Bad Credit Student Loans
Bad credit student loans are available to those who would otherwise not be able to afford a college education. If you are in the unfortunate position of having a bad credit score, you can still be eligible for financial aid.

Several federal student loans and private loans are there for the taking. All you need to do is research the ones that are best for you and then apply for them.

If you have bad credit, the best place to start looking is at federal loans. Federal loans are nice in the sense that the government is not concerned with your credit score when you are applying for a federal student loan.

One great option to look at is the Stafford loans, which are available to both undergraduate and graduate students. Stafford loans are under the assumption that a student doesn't even have a credit score because he or she is coming straight from high school.

Perkins loans, another federal student loan offered for college, follows the same assumptions for its applicants, making it easier for students with bad credit histories.

PLUS loans are an alternative to bad credit student loans to help you pay for college. These loans are offered to parents. Parents fill them out, and it is the parents who are responsible for paying back the loan. The student's credit history is very irrelevant. This allows the student to receive more funding for college.

If you miss deadlines and are unable to apply for a federal loan, then you may want to consider a grant. Federal grants, such as the Pell grant, are great, especially if you have a bad credit history.

Grants are awarded on the needs and the specific criteria of the student applying, not on how well they scored on a credit test. Whether you are applying for a federal student loan or a federal grant, you need to check with your college or university to see what you will qualify for based on your needs.

If you are interested in private student loans, but are afraid you won't qualify because of bad credit, there is no need to worry. Some private lenders will still allow you to take out a loan for college even if you suffer from a bad credit history.

What may occur is you will have to pay higher interest rates for private student loans than for a federal loan. If you are using the money for a higher degree, such as a law or medical degree, then you might stand a better chance of getting a private loan despite your poor credit ratings.

Even with very bad credit, you can still pursue your dream of attending college. All you have to do is research the number of options that are out there for private and federal student loans.

If you spend some time with your school's financial aid advisor, you should know all you need to know about bad credit student loans. Do not let bad credit ruin your chance to go as far as you want!


Article Title : No Need for Concern with Bad Credit Student Loans
Comment not found for this article.

Related articles
• Student Loan Consolidation Information - What Are PLUS Student Loans
• Federal Perkins Student Loans
• How to Get Poor Credit Student Loans
• Finding Financial Aid For Student Loans
• Private Student Loans VS Federal Student Loans

Share this story:
  • BlinkList
  • blogmarks
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz

EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
I want to thank you for you help and patience in dealing with me. You've explained everything perfectly and I feel confident in doing business with you. I hope that if needed, we can do business again in the future.
- Victor R.  New York, NY
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

read more
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Glossary of Terms
Loan Comparison Chart
Scholarship Search
Our borrower-benefits package is designed to help you save by reducing your interest rate by 1.25%. Using auto-debit to make your monthly payments will ensure you make on-time payments and thus help you toward the goal of 36 on-time payments, guaranteeing you thousands of dollars in savings.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2021 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives