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9 Responses to “Financial Aid to the Student”

1. 
   Comment by javasoundslounge
   May 2nd, 2010

   Can a person still get financial student aid if they have bad credit?
   Is having bad credit deter someone from getting financial aid or a student loan for school?
2. 
   Comment by Plain_Common_Sense
   May 2nd, 2010

   well, it hasn’t deterred me. i would venture to say, that probably the only thing that would hamper a person getting financial aid, would be a defaulted prior student loan
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3. 
   Comment by X-Man
   May 2nd, 2010

   Yes try using Sallie Mae, Citibank, the US. Government Student Loans. It’s possible that you may want to visit your college/university of choice and ask for a hardship student loan.
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4. 
   Comment by Brandi A
   May 2nd, 2010

   You can always get student loans, but their may be higher interest on the loan.
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5. 
   Comment by rockydriver22
   May 2nd, 2010

   government financial aid no. Loans are a different story though
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6. 
   Comment by Alan F
   May 2nd, 2010

   fininical aid is for people with low income, and you can get a student loan but you may get turned down a few times, however for finicial aid if you are under 25 they will ask for you parents income, sounds stupid but i was told that untill age 25 you are no dependent for your parents.
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7. 
   Comment by little dazed
   May 2nd, 2010

   maybe… finical aid could be increased by the amount of debt you are in… that is if your total income is low…. and your parents(if you are under 25) income is low… then a negative finical balance could increase your fundding… and if you are denied aid then a loan is always a option… they are always a good option if you are denied aid due to income…. eigther way do not deter yourself before you apply…. you never know… good luck

   try
   http://www.fasa.gov
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8. 
   Comment by Jacci
   May 2nd, 2010

   ABSOLUTLY Financial Aid from government loans and grants are not credit based. Only private student loans are!
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9. 
   Comment by FinAidGrrl
   May 2nd, 2010

   If you have a federal student loan that is in default, you will be ineligible to obtain any type of federal student aid, including grants.

   Other than that, Federal Student Aid tends to be non-credit-based. The two major federal student loan programs — Stafford and Perkins — require no credit check. In fact, your Financial Aid office is *prohibited* from checking your credit as a condition for receiving this loan. Most students are awarded a Stafford loan of some sort — students who show financial need are awarded a Subsidized Stafford Loan, while no-need students will receive an Unsubsidized Stafford Loan.

   Federal, state, and institutional grants/scholarships are also non-credit-based (again, with the one stipulation that you not be in default on any student loans).

   Now, there are some types of federal student loans that will subject you to a credit check — specifically PLUS loans — though, frankly, these credit checks don’t tend to be as deep as others.

   If you wish to borrow a private educational loan (i.e. a loan not offered by the federal gov’t, state gov’t, or by your school), your credit will also be run. In these instances, it will generally be required that you have good credit OR, at least, that you have a co-signer who does.
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