NASFAA Mention: How to Get Student Loans With No Credit Check

"When you need to borrow money for school, you might be interested in obtaining no credit check student loans. Getting student loans without a credit inquiry could be important to you if you have bad credit or if you simply haven’t had time to build credit because you’re too young," LendEDU reports. 

"The good news is that you have options, even if your credit history isn’t likely to impress a lender. You just need to understand the financing choices available to you. This four-step guide will tell you what you need to know about getting student loans with no credit.

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Some states operate student loan programs you could also take advantage of without having your credit checked. These programs focus on financial need or residency rather than whether you have a positive credit history.

For example, in Massachusetts, college students could take advantage of the No Interest Loan Program, which provides loans up to $4,000 per academic year based on financial need.

There may be loan programs in your state that will provide you with loans for school even if you have no credit. The National Association of Student Financial Aid Administrators provides a link to state financial aid programs so you can research options where you live."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 10/11/2019

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