I am looking for more college loans with bad credit history, can i get a pell grant or student loan even after the bad credit history from federal student aid program or any other program, which is giving loan to students with bad credit history? When you have become defaulter in federal student aid department by not paying the installments of your loan on time, the only few options left for you, which are appended below to get more college loan with previous bad credit history.
You can try these options when you have a really bad credit history with loan lenders.
- You can search for the latest scholarships for college, because if you comply with the eligibility criteria, you will get a scholarship which can be said as the free money, which will not be returnable. The amazing thing is that you should not need to be a super student to get this type of money for your college expenses.
- Student Card is also a good option for you after having a bad credit history. You can use your Discover® or other Student Cards to purchase some books and pay your school fee. When you are in high school this facility can be availed at the right time.
- After the previous bad credit history you can also get college loan by inventing a Good Credit Cosigner, who can be your aunt, grandparent, uncle or ant, but he/she must be fond enough to sign. Go to find him/her, so that you could be able to get more loan after bad credit history.
- You should go for Parent College Loans after becoming unable to get loan from student financial aid department. When you have availed all the financing facilities being a full time student, there is another option for you to avail the facility of federal Direct Plus Loans. There is a little credit history check, but they can give you loan except bankruptcy or foreclosure. You loan will be approved in short span of time through Plus Loans, which are also called Direct Loan Programs. If you doesn’t get a Pell Grant or federal student loan through Direct Plus Loans, you can also apply for Staffor Loans.
- You can also choose a more expensive school, as the expensive school had established their own resources to grant their students with college loans or student loans. You should contact the financial aid office of the school, college or university to find the loaning information.
- Bad credit is not an automatic turn down, so you must have an eye on Peer to Peer Loans, as this option can also be availed even after being defaulter of a student with bad credit history with financial aid office.
- You can also start a part time business to manage your educational expenses. In this way you will not need a direct loan, student loan, college loan, private loan or loan with bad credit history.
- You can also start an online business like blogging to manage your expenses in college, school or university. Blogging is a good platform for students to earn some extra cash during their studentship.
- You should satisfy your school about your bad credit history. Your bad credit should not be for identity theft, poor judgement or other critical errors. Then you will be able to satisfy your school administration about your position.
- After trying the above mentioned options, if you can’t find a best loan suits to your bad credit history, you can apply for the installment loan, as the department will not check your previous history and provide you loan. These loans are also less costly even than the payday loans.
But according to my personal point of view, you waste your time in finding the bad credit loans. Hence you should try other options to get the loan for your study expenses.