Apr

12

Does one need credit history to be able to get student loans for college?

Filed Under Financial Aid 

scorch_override asked:


Assuming that the person that wants to get a loan and his/her parents also have no credit history, can they still get student loans?

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Comments

7 Responses to “Does one need credit history to be able to get student loans for college?”

  1. Create a video blog...instantly. on April 13th, 2008 3:33 pm

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    If it is a first time government loan, not usually. Actually the student, providing he/she is over 18 can get a better deal than the parents.

  2. Kansieo.com on April 15th, 2008 2:28 pm

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    sure you can. go check out FASFA on the web, talk to the school’s financial aid counselor….they will help you with everything that you need.

  3. Caffeinated Content on April 18th, 2008 8:49 pm

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    One can get student loans as long as one acknowledges that these are in fact loans and one must pay them back. A credit history is not necessarily needed considering most student loan are for students who generally have no credit history.
    However, paying back your student loan will help establish your credit.

  4. Caffeinated Content on April 22nd, 2008 8:27 am

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  5. Caffeinated Content - Members-Only Content for WordPress on April 24th, 2008 11:44 pm

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    Here is an article i found with some information on student loan options and the best plans.

  6. Caffeinated Content - Members-Only Content for WordPress on April 27th, 2008 6:25 pm

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    If you are applying for the Federal Stafford Loans (apply at:), then no, you do not need credit. However, these loans do not necessarily cover the full cost of tuition, fees, room and board. You would then need to turn to alternative/private loans. In most cases, you would need some sort of positive credit history or a co-signer with a positive credit history. Keep in mind, your co-signer does not have to be a parent.

  7. Caffeinated Content for WordPress on April 27th, 2008 11:37 pm

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    FAFSA is not credit based and you can get government subsidized loans with them. To get a private student loan, you need some established credit, a 2 year work history, or a co-signer who has both. Check out for more info on private student loans.
    Before you do anything, go to and file the free application. You can fill it out now for the 2007-2008 school year. Good Luck.

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