No Credit Check Student Loan

Are you looking for a no credit check student loan? The good news is that there are student loans with no credit check that offer some very good interest rates and loan terms.

If you are looking for a no credit check loan for students, you won't find a better loan than the federal student loan. Now, federal student loan refers to several loans given by the government to students who fill out a student finanical aid package. These two loans are the Stafford loan and the Perkins loan. Both of these loans offers students who don't have very good credit the chance of actually getting a good loan.

Federal loans for students don't have any credit check or cosigner requirements. This is a pretty big deal because it means that practically every person who applies has a good chance of getting accepted. The biggest barrier people face when it comes to getting a loan is the credit check. The interest rate federal loans give you are also very low. If you qualify as a low income student, you may even be given a better federal loan -- one where the government actually will pay your interest while you go to school.

Federal loans, unfortunately, may not pay for your entire education costs. If this is the case, you are going to have to look at getting private student loans and other sources of funding to supplement your income. Private student loans are basically loans that businesses and banks offer students. These loans have comprehensive credit check requirements though, so it's a much more difficult process to get a private student loan than a federal loan.

There are no conventional no credit check private student loans, unfortunately. There are non-traditional lenders that offer private student loans with no credit check -- albeit with very high interest rates. Probably your best bet is to look at fixing up your credit first (which my not be possible if you are a student and need a loan NOW) before applying or finding a cosigner so you can get a regular private student loan. Also keep in mind there are other ways to help pay for school besides loans -- grants for students, scholarships for students, finanical aid for students, work study programs, etc. You will have to be as resourceful as possible.