Find Student Loan Consolidation

1. Angie28 Says:
   July 22nd, 2008 at 9:22 pm

   You can’t have defaulted on any other federal loans or grants… however in my recollection good credit is NOT a requirement for these types of loans. Good question!

2. whoizme Says:
   July 24th, 2008 at 9:53 am

   Yes, you need good credit, progress towards a degree and a gpa above 2.5.

3. honeyxmust Says:
   July 27th, 2008 at 10:05 am

   Good credit is always good to have. The best thing to do is go speak to ur financial aid office and see if they can help your find more ways to getting free money without u having to apply for a loan. But if u must try for a loan… I believe that u do need good credit, credit is what people look at to see if u have a good history of being able to pay for their money back. I’m sure that they’re are companies out there who understands that ur a student who needs money to pay for college. If u approves for a loan… make sure it has a GREAT low interest rate!

4. payingcollege Says:
   July 29th, 2008 at 7:46 am

   There is no credit check for the Federal Stafford loan - after all, it was created specifically because the typical student hasn’t had a chance to establish a credit history. There is a credit check required for a Federal Parent PLUS loan, but it still has a relatively high approval rate.

   Private student loans, since they are not guaranteed by the gov, are credit-based. Your interest rate will be determined by your credit rating. If you have a co-signer with good credit, that can help.

   In general you want to max out your federal loans (start by applying for the FAFSA) since they usually have the best interest rates and most generous repayment terms. Then, get private loans to cover the rest.

   As always, be conservative and borrow only what you need.

   Here’s more info if you need it:

   Stafford loans
   Private loans
   FAFSA

5. 411 Fantasy Football Says:
   July 31st, 2008 at 4:37 am

   Only one of the above answers is completely accurate. I’m disappointed that some would answer if they don’t really know.

6. Alicia S Says:
   August 3rd, 2008 at 8:35 am

   No. I have and have had Federal Stafford unsubsidized and subsized loans each and every year. Once you apply for the FAFSA, you will complete an entrance interview for the loans if you choose loans. Your school will find you a lender. I’ve never had a problem. When I first started going to college my score wasn’t good. It is now after a few years. Go into your Finaid office and talk to an advisor, they can reassure you.

7. b-hannon@sbcglobal.net Says:
   August 6th, 2008 at 2:15 pm

   No, I got student loans to pay for all of my schooling and I have terrible credit.

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