Consolidating federal and private school loans

09-May-2015 01:58

Apply for federal financial aid by completing the FAFSA, the Free Application for Federal Student Aid.The results will tell you if you qualify for Stafford and Perkins loans, which do not require credit checks, as well as other federally funded student aid programs. Students can turn to particular websites that link them with anonymous investors willing to offer loans.

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Be aware that this type of a loan can be risky, as it is not as secure as a loan from the government or a widely known bank.Students can also look into their own contacts to ask for a loan.Paying for college is a hurdle so many young Americans and their families now face.The hunt for funds can become all the more stressful if parents and students have bad credit or no credit history at all.

If you have bad credit, there are still several ways to get a student loan.In fact, your financial aid options may barely change, if at all.

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