Fed Financial
Can I get a private student loan after 21 months of credit history w/ ok credit?
Alright..I don't have the greatest credit history for sure but I'm trying to preserve it as much as possible. I am currently (& desperately) looking for a job to save and pay off my debts by August. unfortunately, the school I want to transfer to for the nursing program in another state- WA, in fall, does not allow any federal/ direct loan and I'm not even eligible for the Pell Grant. Well, I just want to know if it's a guarantee that I would be approved for a large loan when i reach that 21 months, few months of work history, and NO co-signer, because I won't be working and going to clinicals at the same time until I finish the LPN-RN program. Advice, Knowledge anyone? Thanks!
Public Comments
- It really depends when it comes to loans. I am a student at Washington State University and I get my tuition paid for (thank you FAFSA!) through loans, grants, and scholarships. This being that both my parents have horrible credit and I am JUST starting mine. Most of the time it varies between company in regards to private loans. Try maximizing your federal loans out first (stafford, etc). You can easily get those if you are a student (credit does not matter). Then start looking into private companies (sallie mae, my rich uncle, astrive loans, etc). Also take into account that your credit improves while you have loans because you have open credit accounts for a long period of time. Hope that helps
- Please take the first answerer's (dspawadj) advice and IGNORE the rest.....they are SCAMMERS!! Good luck to you.
