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Get Student Loans Regardless of Credit


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Poor credit can stand in the way of success. Success today is dependent on the ability to make a living; and the ability to earn a living is dependent on education. Once credit fall below the good rating, it is easy to feel stuck.

Fortunately, education, the vehicle that has transported many people to success, is still available without a credit check. Of course, not all student loans will be awarded without a credit check but several of the federal student loans and private student loans are awarded based on economic need.

One of the federal student loans available that does not consider credit history is the Perkins Loan. In order to meet the qualifications for this loan, an applicant must be: (1) Economically needy; (2) Registered for the selective service; (3) Enrolled at least half time and making satisfactory academic progress; (4) A citizen or permanent U. S. citizen, and (5) Not in default for any other federal student loan. Loan amounts range from $1000 to $4000 per year with a lifetime maximum of $20,000. Perkins loans carry the lowest interest rates of all the federal student loans.

The Stafford loan is another federal loan offered without regard to credit history. It carries a higher interest rate. The same eligibility requirements apply to the Stafford loan. Unlike the Perkins loan, which is awarded for the length of the academic program, Stafford loans require a new application each year. Therefore if you apply for a Stafford loan each year, by the end of the undergraduate degree, there could be as many as four loans to repay. (This is usually when students consolidate their loans. )

In addition to the federal loans, there are a number of private loans available that make awards based on need rather than credit standing. One such loan is the Loan for Disadvantaged Students that is administered through the Department of Health and Human Services. These loans are usually for students in the health and social services disciplines and can be applied for directly at the school.

With a little research other low interest loans based on economic need rather than credit history can be found. Success doesn't need to be hampered by a poor credit history.

How to get poor credit student loans. Learn all about ACS student loans at


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