Student Loans with Bad Credit
Removing Financial Barriers for Higher Education

Don't let low funds and bad credit hinder your educational advancement. Student Loans with Bad Credit can provide you with the financial assistance you need. The best thing about it is that educational loans, even with poor credit, are some of the most lenient and easiest types of loans to secure. Why? Because lenders are not so much concerned with who you are right now, but rather – Who you can become! The more potential they see in your ability to repay your loan – the more prone they are to loan you the funds you need to advance your education.

Federal Stafford Loan – There are two types of Stafford Loan options that exist for eligible students enrolled in accredited American Institutions of higher Education: These are Subsidized and Unsubsidized. With the subsidized form of the Stafford loan it is distributed to individuals who demonstrate more of a financial need, therefore, any loan interest is completely taken care of by the government.

With the unsubsidized form basically any student can apply as long as you’re enrolled as a full-time or half-time student. The responsibility all loan interest will fall on the student in this loan form. With both types of Stafford Loans you must be enrolled as a current full-time or half-time student to qualify.

Also the good thing is that no repayment is expected on these loans while you’re enrolled in school full-time or half-time. You will usually have a grace period of about six months after you complete your schooling or drop below half-time for a significant period of time before any loan repayment requirements start to kick in.

Since this funding is fully backed by the U.S. Government you can expect lower, more reasonable interest than found with other private loan sources. Loan amounts will vary based of eligibility, need and time of loan disbursement.

Click Here for further details on the Stafford Loan process & procedures

Federal Perkins Loan – These student loans are reserved for college students who need it most due to significant financial difficulty. This is another great resource for Student Loans with Bad Credit. Repayment requirement is deferred until after graduation – and it also allows for a generous grace period of about nine months after graduating, falling below half-time status, or discontinuing your classes for any reason before loan repayment requirement kicks in.

This U.S. Department of Education loan usually carries a 5% fixed interest rate that remains steady over the course of the loan. A helpful feature about this type loan is that the interest doesn’t start to accrue until you actually begin to repay the loan. Loan amounts generally range between $4000 and $6000 per year.

Click Here for further details on the Perkins Loan process & procedures

Here’s a good chart profiling both the Stafford & Perkins Loans

Most schools offer financial aid via scholarships and many provide student loans with bad credit -- some even provide job placement for those who qualify.

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