Are there any options for students with bad credit to get student loans?
Yes, there are options for students with bad credit to get some form of student loan in New Hampshire. The New Hampshire Higher Education Loan Corporation (NHHELCO) is a state-sponsored program that provides student loans to eligible students and parents, regardless of credit history. This loan program is designed to help make post-secondary education more affordable. NHHELCO offers a variety of loan products for students with bad credit, including the College Access Loan. This loan has no credit requirements or cosigner requirements, makes loan payments more affordable for students, and is available up to $10,000 per loan year. NHHELCO also provides a Parent Plus loan, which is a loan specifically designed for parents to help their children pay for college. Though this loan does require a credit check, the credit requirements are more flexible than other lenders, and the loan can be used to cover tuition, room and board, and other college expenses. In addition to NHHELCO, there are other private lenders that offer loan products to people with bad credit. For example, some lenders offer student loans with no credit check required. Though the interest rate may be higher, these loans can provide a way for students with bad credit to get the funds they need to pay for college. It is important to research and compare different lenders before choosing a loan. Overall, despite having bad credit, there are loan options available for students in New Hampshire. It is important to research and understand the details of each loan before making a decision, to ensure that the loan is suitable for the student’s individual needs.
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