I was offered Stafford loans for financial aid but I have bad credit. Will I still get..

R

Rose

New member
...it? I just looked at my financial aid awards and it says:
Stafford Unsubsidized Loan.....Offered.....$1,000.00
Stafford Subsidized Loan.....Offered.....$1,750.00

I'm 19 and my credit score is like 605.... and my parents have bad credit as well. Can I still use these stafford loans even though I have a bad credit score? I can't afford tuition without them.
 
Federal loans for students -- like Stafford -- do not take your credit rating into account.

They assume that you have little or no credit (and that after taking classes and getting jobs you will be in a better position to pay them off). They also charge *low* (in comparison to private loans) interest rates. Basically, the government wants you to go to school.

Congratulations and best of luck!
 
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