College education is important in establishing a career that will pay well. Successful businesses look for sound educational credentials when selecting new employees. Though college education does not tell everything about a person's work ethics, it is one of the things looked at by human resources personnel.
If you are applying to a college and have poor credit or even no credit history at all finding financial assistance may be a problem. A person with no money has a big problem when it comes to getting a college education. People with bad credit have even bigger problems. Besides the typical student loans that consider a credit history, there are student loans no credit history required. These loan programs do not look at the existing credit of the people applying for the loan. Therefore, those prospective college students without a good credit history can apply for and receive the necessary funding for their education.
Examples of student loans have little or no credit history required are Perkins Loans, Stafford Loans and some alternative non-credit based loans like Loans for Disadvantaged Students, Nursing Student Loan Program and Primary Care Loan Program.
These non-credit based loans are available for those students who are pursuing a degree in the field of health sciences. Loans for Disadvantaged Students provide financial assistance to those who are financially disadvantaged students. Nursing Student Loan Program are low-interest loans which are available for nursing students. This kind of loan offers a grace period of 9 months. Primary Care Loan Program concentrates on students who are focused on the field of primary care. In addition some of these programs have deferred or grace periods when make loan payments..
Perkins student loans are guaranteed by the government of the United States. It was named after a former member of the U.S House of Representatives from Kentucky that is Carl Perkins. .These loans have a fixed rate of 5%. The program also offers a payment deferment period of up to 9 months. The Perkins loan gives undergraduate students up to ,000 per year but not exceeding ,000 total loan. It is also available for graduate students and may provide up to ,000 per year but not exceeding the lifetime loan of ,000.
Another example of a no credit history student loan is the Stafford loan program which is also guaranteed by the government. Stafford features low interest loans but it also has some additional repayment restrictions that other programs do not.
Although student loans no credit history required are available, a student or a borrower must be responsible enough to pay whatever is lent to them with interest. Repayment usually is required shortly after graduation. Your degree should assist you in finding a career that will allow you to easily make your student loan payments and pay off the student loan.
Finding Student Loans With No Credit History Required