How a No Credit Check Student Loan Can Help You Fulfill Your Educational Dreams
It is possible to have no credit check for a student loan. Many times as a new student, you have no established credit. If you do, it is usually limited and for a short period of time. This is not going to have the lenders jumping up to offer you a student loan. You can still find many places, which perform no credit checks to obtain a student loan. Before looking at the conventional student loans that do involve a credit check, let us look at some of the other loan options.
You can apply for the Federal Stafford loan. These can be either subsidized or unsubsidized. These are for the students with the most financial need. The government pays the interest payments until the student graduates and assumes the loan. In the case of the unsubsidized Stafford loan, the interest is the responsibility of the student. Although the Stafford loan is smaller than some loans, the interest is lower and with no credit checks, it does make it desirable.
You may also be able to qualify for the Perkins loan. This is also a loan offered to those in financial need. You can receive from $1,000 to $4,000 each year. These are combination loans available with funding coming from the federal government and the college or university you will be attending.
When you determine you are going to college, you may want to try to find scholarships and grants to help with the funding. The scholarship programs offer funding awarded on merit. The sources are from different companies and organizations. It may surprise you to learn of the different programs available. There is a certain hair coloring company, which offers a scholarship to redheads. One scholarship program is only available to left-handed people. You just have to research the different programs available to see if you qualify for one.
Grants are available to those who are in financial need. One grant, which is very popular, is the Pell grant. This is for the financially needy, but can pay for books and living expenses. Other grants are available for specialized fields. Students earning a teaching degree can qualify for a grant if they are willing to teach in certain impoverished areas. Nurses training offers several grants to students who are willing to practice in certain rural areas. There are special grants available for women who are over the age of 35. Another grant is for women who are single mothers. Still more grants are available to victims of domestic violence.
The campus advisor of the college you are interested in attending can help more with your financial assistance. He or she will know what grants and scholarships you may qualify for. If there is a certain grant you know of but do not know where to apply, talk it over with your advisor. They can gather the information for you.
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