Bad Credit Agency

are there any student loans out there for students with bad credit and no credit check?

Public Comments

1. You should always start with federal loans first such as a Perkins or Stafford loan. Both of these are student loans that you can access by filing a FAFSA (Free Application for Federal Student Aid) at www.fafsa.ed.gov. Neither will require a credit check. The Perkins will only be available to you if you are low income. The Stafford loan has two versions: a "subsidized" and "unsubsidized." The government pays the interest for you while you're in school on the subsidized Stafford loan. You will have to show "financial need" at your school, meaning your family's Expected Family Contribution will need to be less than your school's total cost of attendance. If you don't show financial need, you can still access the unsubsidized Staffrord loan where Interest accrues while you're in school. By the way, both the subsidized and unsubsidized Staffords allow you to defer payments until 6 months after graduation. Try to stay away from private loans as their interest rates are typically variable and much higher than the federal loans with less consumer protections. The Stafford has a maximum fixed rate of 6.8%. 80% of the colleges allow you to shop around for a lender where you can find interest rate discounts up to 2%-2.5%.
2. You could check out www.studentloanassistance.net There is free information about loans, debit, and many links to some resources. good luck