What kind of numbers of a credit score would you have to have to get a student loan?

the loan said they needed a satisfactory credit history. so what does this mean? our credit score is terrible to be honest like, 550 or somthing like that.

What kind of numbers of a credit score would you have to have to get a student loan?

There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most%26lt;!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs.

http://best-loans.awardspace.com/student...

Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan--%26gt;you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.

What kind of numbers of a credit score would you have to have to get a student loan?

If it%26#039;s a Perkins or Stafford loan they won%26#039;t even look unless you are in default on other student loans or to the Federal government for taxes or something like that.

A PLUS loan (parents take out for their kids) will qualify even with bad credit score if no credit is currently 90+ days late or in default.

For private/Sallie Mae loans, you probably need about 650. Clean up your credit as best you can. Go to the forums at creditboards.com for help with that.

What kind of numbers of a credit score would you have to have to get a student loan?

Only a private loan is based on credit, if this what you%26#039;re talking about....I think you need about a 600-650. I just tried to get one for school and they said I need a co signer my score is 565 and that was with sallie mae. So you might want to have a co-signer available.

They also look at employment history and length of residence.

What kind of numbers of a credit score would you have to have to get a student loan?

based upon your status,I believe you should find something useful here.http://studentloan.online-helpers.info/s...

What kind of numbers of a credit score would you have to have to get a student loan?

I think that depends on what company you use. Some companies only ask that you be employed.

Just shop around like you would for a car.

Happy New Year!

Alicia