While federal student loans don’t require a credit check, private student loans do. Typically, lenders look for a positive repayment history and a credit score in the upper 600s or higher. You may also have to meet the minimum income requirement to prove that you can repay your student lo...
To apply for federal student loans (and qualify for many scholarships), you must fill out theFree Application for Federal Student Aid (FAFSA). You can do this by visiting theFederal Student Aid website. New users must create an account, and those who have done so can log in to their ac...
Remember, although private student loans can help finance your higher education, it's also essential to utilize federal student aid such as grants, scholarships, andfederal student loans. Federal loans offer unique benefits like income-driven repayment plans that can adjust based on your income. How...
How student loans compare to other debt types Steps to apply for a student loan In a nutshell Share this What is a student loan? A student loan is a financial product that approximately 43 million Americans actively use to fund their education. There are many types of loans, each wit...
How to Apply for Private Student Loans For private loans, you apply directly with the financial provider. Be sure to shop for best rates and payment terms, and see if your school has a preferred private loan provider. When borrowing money for college, you should always exhaust your federal ...
subsidized student loans: undergraduate students with financial need can apply for subsidized loans. they’re subsidized because the government pays the interest on the loan during certain periods of the loan. and financial need is determined by comparing how much it costs to attend a school with ...
How To Pay Your Student Loans Faster In 7 Easy StepsBrian O'Connell
Apply for a deferment if you believe you will be able to repay your student loans at a later date. A deferment will allow you to miss payments for a set period of time due to current circumstances in your life, such as economic hardship or re-entering school for another degree. You may...
Federal vs. private loans: What's the difference? The two most common types of student loans are federal and private. Before you decide to pick either, you should make sure you thoroughly understand the differences between the two. Typically, federal loans offer some more perks than private –...
Having less-than-stellar credit can make it difficult to qualify for student loans. Private lenders will consider your income and credit history; as a college student, you likely have poor credit or no credit. However, some lenders offer student loan options for borrowers with bad credit. Gener...