 TITLE: Can a Student Loan Application Be Denied? CONTENT: A Good Credit Score Is Great for More Than Just Student Loans\n-------------------------------------------------------------\nEven if you're applying for federal student loans that don't require a credit check, look for opportunities to build your credit history for the future. For example, you may consider getting a student credit card, using it and paying off the balance on time and in full every month to build a positive history. Student loans are a type of installment loan, and making on-time payments can help you build your credit history just like other forms of credit. Be sure to start making payments as soon as you're required to and reach out to your loan servicer if you expect you'll have difficulty making payments; you may be offered accommodations.\nThroughout this process, it's important to monitor your credit regularly. This practice will help you understand how your actions impact your credit score, and you'll also be able to spot potential errors and even fraud before it damages your credit history.\nAs you take steps to build your credit, you'll put yourself in a better position to qualify for affordable financing, lower insurance rates and more. END