Student Loans with No Credit Check

Student loans with no credit check do exist. In fact, there are some pretty good no credit check options for you to pursue.

If you are looking for private no credit check loans for students, there are not too many options. Your best bet is to look around on the internet to try and find out what sort of options there are. It may be possible for you to convince a normal private student loan lender to give you a loan without a credit check, but the lender will really want to see some assurance that you will repay the loan. The only way they can really do that is if you have good credit or you have a cosigner. If you have some sort of collateral, it is possible that you could get some sort of secured student loan. This way, the lender will know that you will pay the loan back or risk losing your item. However, most students don't actually have the necessary collateral to back up a loan.

If you can't get a traditional lender to waive the cosigner requirement, then your only option is to look at a bad credit student loan. These lenders really charge high interest rates though, so you want to do plenty of research and comparisons first, just to make sure you don't end up getting ripped off on the loan interest rates. One option is to get a bad credit student loan for a year two while focusing on repairing your credit history, make payments on it so you improve your credit history, then seek to refinance the loan to a better rate.

Another option for a no credit check student loan is to seek out a federal student loan. Federal loans offer some really good loan terms and they don't have any credit check or cosigner requirements. Basically, these are the best deal you are going to get if you don't have good credit. You can apply for federal loans by filling out the FAFSA application. The only requirements are that you are an American and posses a SSN number.

Getting student loans with no credit check is certainly possible, but make sure you do your homework first to get the best loan suited for your situation!