Fed Financial
Bad Credit, Need Student Loans?
I have bad credit now since i was taking to the police station by force for Overdose. Now i have my life turned around and want to go to college. I apllied at many places and now because of the hospital i have BAD CREDIT. Im in debt 14,000.00. To Cure me only cost 600. but the other 13,300.00 was the 4 day stay. I need some good student loans so i can go to college. and not federal loans that cover only 4,000.00 my total cost of school would be 67,000.00. Please help me out. Its an AS degree. i dont need communtiy college since they dont have the degree.
Public Comments
- My advice to you would be to find a cheaper school. You can go to any number of decent state schools for under the max you can borrow in federal loans.
- start at community college
- You may have to look at other options in schooling (community colleges, technology schools, etc.). If you find someone that grants loans based on bad credit, you would be paying at a very high interest rate. You may wish to check out http://www.prosper.com.
- There is a great article from the Student Loan Network discussing this subject: http://www.studentloannetwork.com/student-resources/bad-credit-student-loans.php In short, federal student loans are the way to go. Specifically, if you have a parent who can get the PLUS Loan (www.ParentPLUSLoan.com), then you should get it. If federal PLUS student loans are not an option, then you might be better off applying for scholarships. You are not very likely to get a private student loan with your credit - even with a good cosigner. Some good resources for finding scholarships include: http://www.studentscholarshipsearch.com/ http://www.scholarshippoints.com/ You might not realize it, but there are hundreds of scholarships out there that no one even applies for. You have nothing to loose and everything to gain. Finally, find a school you want to attend and schedule an appointment with their financial aid office. They may have some specific programs for you? Consider work study, online schools, part time programs... Good Luck!
