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Old 12-21-2007, 12:23 PM
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Quasi is on a distinguished road
Default Are there any student loans available for...

...those with bad credit and no co-signer?
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Old 12-22-2007, 04:10 AM
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Yes there are, but u must be very careful, bc interest rates can be astronomical. And if you default it can really deep six your credit. So research carefully and ALWAYS read the fine print
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Old 12-22-2007, 06:59 AM
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Federal loans:There are two types of loans for students with bad credit, the Federal Perkins Loan and the Subsidized Stafford Loan. The Federal Stafford Loan is available as both a subsidized and unsubsidized loan, depending on the student's needs. These recognized types of federal student loans are available through the Federal Family Education Loan Progam (FFELP). And it is important to remember that the money you borrow through this and many other educational loan programs must be used for school costs, including tuition, room and board, books and supplies.

Private loans: Unlike with most federal loans, when obtaining personal loans, your credit rating will be scrutinized during the application process to obtain a private student loan. And if your credit score is determined to be potentially "bad" (usually somewhere below 600), your application will simply be denied, or you will have to pay the loan back at a much higher interest rate.
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