Credit No credit history needed Most loans from financial institutions, such as a bank or credit union, require a credit history, but federal student loans don't. To apply for a federal student loan, a student's family needs to fill out the Free Application for Federal Student Aid, or the...
When the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed on March 27, 2020, it brought down the interest rates on federal student loans to historic lows—below 3% for undergraduate loans this fall. The new rate will be implemented starting July 1, 2020, to June 30, ...
Private student loans are offered through banks, credit unions and other private entities. Interest rates can vary and are based on the borrower’s creditworthiness. Most undergraduate students do not have extensive credit history and may require a co-signer, such as a parent or guardian, to qua...
Compare rates and terms:If you have less-than-stellar credit, your best bet is applying for a federal student loan. However, if you're considering private loans, prequalify with multiple lenders to compare rates and terms. Consider a cosigner:If you have thin or no credit history, you shou...
End of student loans grace period a potentially perilous time for borrowers The 12-month grace period for student loan borrowers ended Sept. 30. The "on-ramp" period helped borrowers struggling to make payments avoid the risk of defaulting and hurting their credit score. ...
Unlike need-based federal loans that are funded by the government, private student loans from banks, credit unions and online lenders often require a credit history to prove that you can pay back the debt. Many students have thin or no credit histories, which makes approval difficult for privat...
Here’s a look at the youngest vice presidents in U.S. history. Alan KronenbergJan. 21, 2025 Executive Orders, Explained Trump signed a slew of executive orders on his first day. What are the presidential tools? And do they have staying power?
If you lack a credit history and don’t have a creditworthy cosigner, you might still be able to pay for your education. We’ve found excellent options from the Department of Education and private lenders. Lender Best for LendEDU rating Dept. of Education Federal student loans Not rated ...
Independent loans are available for your education, but to qualify, you'll need to demonstrate a solid credit history. Your credit worthiness is gauged by your overall “credit score.” Simply put, a number is assigned to you based on the results of every credit interaction you have ever had...
Does Refinancing Student Loans Save Money? Student loan refinancing can save you money, but how much depends on your credit history, income and financial health. Read more Who Is My Student Loan Servicer? They are the middleman between you and the company that lent you money. Find the most...