What Credit Score Is Required for a Education Loan?

What Credit Score Is Required for a Education Loan?

The credit score necessary for student loan depends on the kind of loan you wish to simply just take away — federal or personal. Therefore you have options if you don’t have a credit score, or if your score is bad — a 629 or lower FICO score.

Here’s how your credit affects the way you borrow education loan refinance or money student education loans.

Do i want a credit history for a federal student loan?

There is no need to possess a credit rating or a co-signer to obtain a federal direct loan that is undergraduate. This sort of loan is recommended over private figuratively speaking since it carries less interest price while offering repayment that is income-driven forgiveness options. […]