The good news is that bad credit student loans do exist. They are there for you to take, all you have to do is find them! You no longer need to fear the rejection that is often associated with bad credit. Students who have horrible credit can still be eligible for a federal student loan or certain private student loans. You can pay for college!

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.

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This entry was posted on Monday, July 16th, 2007 at 7:31 pm and is filed under Financial Services. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.