by Robyn Stewart, previous aid that is financial at university associated with the Holy Cross
Concern: If I’ve had credit problems in my own past, can I nevertheless be in a position to get that loan to fund my child’s college education?
University Coach’s college finance specialists have expected this question often and there’s no simple response. Regrettably the real response is that this will depend. Credit issues can easily influence your capability to borrow also to make a competitive rate of interest for a training loan. This does not signify you really need to exclude student that is using in your investing in college strategy.
Look for a Co-Borrower
Numerous education loans for moms and dads can be found with a co-borrower. You may be able to get a loan even with poor credit if you have a friend or family member who is willing to back your loan. In the event your state or even the state your child’s college is found in offered that loan for moms and dads of university students, you will probably find this choice provides you with usage of top education that is unsecured available. Continue reading