In today‘s world you need a college education to make real money. Getting that college loan is not as hard as most people think. The cost of college has doubled in just the last 5 years but you can still go even if you have bad credit. How you ask? Simple get a loan that does not require a credit check. Student loans such as the Stanford student loans can not reject you because of your past bad credit. They can take your past credit into consideration when considering whether you will be able to repay the student loan. Getting a Stanford loan is much easier then most people think. The best part of this is the low interest rate. This is because the loan is from the government. The US government wants it‘s people to have an education and therefore they help you out.
Federal Stanford Loans students with bad credit
The first thing you should do after being accepted to a college is talk to a financial advisor. You can even do this before you get accepted as long as you know what school you want to go to. It is there job to help you out any they do this kind of thing on a daily basis so they will be able to help you. They can assess your situation and tell you about the options open to you. One of the first directions they‘ll point you in is a Federal Stafford Loan which is a no credit check student loan. The great part about this is it is based on individual needs and they offer great interest rates. They can not deny you for having bad credit or no credit. It requires spending some time online filling out forms but it is well worth it. The forms you fill out are from FAFSA.
You may be able to get a fully subsidized loan to cover all your expenses. This means you do not have to pay interest on the money owed until after you graduate. In many cases you might end up getting one subsidized loan and one unsubsidized loan. With an un subsidized loan the interest keeps adding on to the loan but you do not have to start paying it until after you graduate. A lot of people, especially single mothers and those with low incomes qualify for grants from the government towards their education and when you apply for the Federal Stafford Loan they check to see if you are eligible for those as well.
Scholarships
This should be obvious but it still amazes me at how many people do not go after scholarships. Yes you have may have to write an essay but it does not have to be anything fancy. You should speak to your school advisor about what scholarships you are eligible for. They have 1000‘s of them out there and if you fill out a few dozen you should get at least one of them. Most of the time these are not full rides but they do help cover books and lab fees. My wife is getting her DVM and has been getting around 2k in scholarships each semester. She does have to fill out several forms but it is well worth the time.
Other Options
If you absolutely don‘t qualify for any no credit check student loans or scholarships (which is doubtful), consider asking someone to cosign a loan for you, such as a parent or close family friend. Education is important, and the help is there if you want it. While there are limits to the amount of money that no credit check student loans will get you, they usually go far in easing the financial burden of going to college. An education is within your reach even with bad credit. You just need to apply yourself and ask around.
Article Source: http://www.searchnfindarticles.com
