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Can I get a SM loan?

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WIDSMI
Regular Contributor

Can I get a SM loan?

I will be needing a school loan soon for 25k. I will apply to Sally Mae but im not sure if I will qualify.... my credit is CRAP...((( im working on it now )) but its around 480ish..........I will have a parent co-signer but what are my chances? what score would be needed to get a loan on my own?
 
Any idea?
 
thanks....
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Anonymous
Not applicable

Re: Can I get a SM loan?

Are you getting a govt. loan, or a private loan? for stafford loans they don't look at your credit, but you can't be in default on another loan.
 
For a private loan you have to have really good credit, but yes, you can get a cosigner if you alone don't qualify.
 
For general info, look at:
education loan sections of most bank/cu websites
specific college websites, under financial aid
lender websites, like Sallie Mae
 
Many people here know more than I do (*waves at Drachen*), so that's all for now! Good luck!
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