Are student loans based upon credit ratings?
I have a really poor credit rating because of Natwest who put me as ‘out of contact’ because of not updating my address properly. Now I’m at college and should be off to uni in 2008, but am concerned I might not get student loans cos of my rating? Was told by someone that credit ratings are not part of the process as it’s a government thing? Any ideas what the case is?
No one has a worst credit rating than me (I am not proud of that) but I have gotten student loans every year. You can’t get max if you don’t qualify. You must fill out the FAFSA . It will tell you how much grant you get..you will get enough loan to cover the rest of your living costs (minus grant or personal contributions).
