Introduction to Student Loans
The recent credit crisis has let big businesses and banks go bankrupt. In times like these where there are immense financial constraints, many students think twice before opting for a qualification of choice. To cope with heavy expense issues, there are many institutes, financial bodies and welfare organizations offering student loans to the worthy and eligible students. This allows the students to worry less about the expenses and concentrate more on the learning process. Student loans can be for various durations, and some loans also allow you to payback after completing the education.
Bad Credit Student Loans
Bad Credit History happens when you miss a payment on your loans and unsecured debts such as credit cards, medical loans and personal loans. This causes the FICO scores to go down, and even if you have no credit history, it is regarded as a bad history. A bad credit score canindeed make things very miserable for you. For such students, there are Bad Credit Student Loans that help them get free of the hassle of arranging funds and apply for their degree of choice without any financial constraints. There are institutions and bodies that offer low interest rates on the loans and some even have no initial fee.
Famous Bad Credit Student Loans
Some of the best Bad Credit Student Loans available in the country include:
- Perkins Loans
- Stafford Loans
- Loans for Disadvantaged Students
- Primary Care Loan Program
- Nursing Student Loan Program
In these Bad Credit Student Loans you can get from $1,000 to $20,000 financial aid. Most of these programs have minimal interest rates with flexible repayment plans. Along with these, you may also opt for the scholarship and grants programs offered by various renowned universities.Applying well in advance will only do you good so feel free to apply and if you have impressive credentials you're sure to get the loan, despite your poor credit history.