How can a student with bad credit go about getting a good student loan for University college?
813262
Having bad credit means you're a bad risk. You should try to clean up your credit first. Would you loan money to someone that has a proven track record of not paying you back? I don't think so.
416641
Make sure the FAFSA is filled out and even ask the finacial aid officer at your school for some advice. But don't get a loan from outside sources. Stafford loans and College foundation loans have low interest rates and give you awhile to pay them off. CItibank, mastercard, bank loans, etc have high interest rates and will want their money ASAP. So try to get a school loan but whatever you do, don't use outside loans.  Also they are credit based so without a very solid credit file you may not get approved for the whole amount and will need more than 1 loan which makes no sense. Just get a regular stafford loan or other school loan and you can get the amount covered. Also Sallie Mae loans are expensive (at least they were for me) and had high interest rates. I wouldn't recommend them or any other outside loan companies.
119289
It is. Most institutions have crediters that they work through. The government also offers student loans. I believe that there are even programs offered for those with bad credit. The only way you for sure will not be able to get them is if you have defaulted on student loans before
908646
Some credit is available to people with bad credit experience.\n\ngood luck !
1059603
I have answered this question in a 5 part series. There are a few items that can be done to build credit. Here are some quick ideas:\n\nThe fastest way is to have a family member or friend put you on a credit card of theirs as an authorized user. This allows the history of that account to report to your credit as well, but you never are in debt. (Just be careful that the account you are added to is a good one!)\n\nHowever, this is not a long term solution for good credit... try these for solid established credit over the long haul....\n\nOpen a Credit Union account and get them to provide a secured loan against your savings. If you have bad credit, most traditional and national banks will not give you a loan. They usually want good credit for that.\n\nGet a secured credit card and only use it for gas purchases, once a month and pay it off each month. No debt, but always paid on time... does wonders!\n\nBuying a car can help, but you will have a very high rate with limited or no credit.\n\n\nCheck out the resources below for all the details and more ideas.
401614
Get a job. \nNo seriously, go down to the financial aid office, and apply for an on-campus job. They're normally more than willing to work around your class schedule. And more often than not, so are the local businesses: bookstores, convenience stores; hey, swallow that pride and apply at Wal-Mart.\nTake out the student loan. Apply for scholarships and make sure your grades/achievements are good enough to get you there. Check with your HS guidance counselor, or the college FA office: they may know of some grants or scholarships that you overlooked, like those specific to your field of study, what you've done, or even the town where you live.
1162923
In the US fill out your FAFSA form to find out, you will more than likely be able to get a loan, but it won't be great.\n\n\nwww.fafsa.gov
907816
You need to go to the school and apply with a financial aid advisor. I got a loan with no cosigner, bad credit, no job. My loan covers all that my scholarship and grant will not cover.
63521
Actually, you are already on your way. Simply being aware of the importance of good credit - and then making a plan to maintain your credit is a big step. \n\nThe first thing you need to do is get a recent copy of your credit report. Go to one of the major credit bureaus (www.equifax.com, www.transunion.com, or www.experian.com) and buy a report WITH scores. If you've recently been turned down for credit you can request one (in writing) from each of the bureaus for free. You goal is to get your score above 700. If you have any loans - you must get those current. Do this BEFORE you pay any accounts in collections (if you have those). You'll also want to get up to three credit cards with balances of at least $300. Use the cards once per month to buy something small - and if you need to, give the cards to your parents so you won't spend on them. Keep a very small balance (not zero) on the cards. \n\nDo this and you'll be in great shape within 12 months.\n\nBe well.
1121601
Bad Credit usually means you will have difficulty getting financed and when someone does finally loan you money it will be at a very high interest rate. You can probably get a home loan, but it will be 8+% or require a good downpayment.  You can expect upwards of 10% on a car loan, etc.  You are a higher risk, so the bank has to charge you more in case you don't pay them. \n\nBad credit can also prevent you from getting a job.  Many companies now pull credit reports to assess the responsibility of the person.  \n\nAnd don't be late on any more bills. Once you have about 3 years of paying on time, people will start to take a chance on you again. Bad credit stays on your credit report for 7-10 years. \n\nIf you have debts, call the companies and work out payment plans, or call a NOT FOR PROFIT debt counselor, like Consumer Credit Counseling Services
436673
Credit cards or scholarships. The college's office of financial aid may be able to direct you to better resources.
64835
Apply for a gsl (guarnteed student loan)\n\nIt's not a crazy amount of money but it helps if you want to do work study too, some of the money comes out towards your loans and some goes cash in hand\n\nTheir are always loopholes around it, My parents didn't have the credit either and I went to financial aid office and they sent me in the right direction and my loans were in my name without a cosigner....Don't know if that helps but goodluck to ya
851181
banks are not the place to go to if you have bad credit; you'll need to talk to a broker or retailer in the area of financing you desire.\n\nWhat do you want?  A house, a car, a loan, a student loan?  Etc....\n\nThere are varing degrees of bad credit.  The easiest to do is talk to a mortgage broker, as their credit terms will be most generous (to buy a house).  Do this even if you don't want a house, as you'll get an honest assesment of your credit this way.\n\nIf they can't help you, you need to talk to a credit counseler to rebuild.  You'll need to wait a couple years for results.
654106
Yes U can get a loan from any bank -check out the main branch of any bank -lots of banks provide the student loans.
839892
Having anything in your name will help.  Cell phone, car payment, car gas card, but if you really want to build credit you need to get a credit card.  Go to your bank and ask about a "student visa" card.  Those usualy only have a $500 limit, so you can't really get into to much trouble with it.  And then just put like $50 a month on it and always pay it off.  That is how I started, and I have great credit!
1005951
Even though you have "poor credit", you can still get a loan.  If you have assets, you can put them up as collateral.  An example, go to a pawn broker (hock shop)
149370
It is very good, free money which are grants. Also you should apply as soon as you can so you can get approved for school. Also you have the subsidized and unsub very low rates / some 0 intrest NOT based on credit.you can use school lenders like UOP offers for online education.