 TITLE: Can You Get Student Loans If You Have Bad Credit Scores? CONTENT: The Most Important Thing to Remember About Student Loans\n--------------------------------------------------------\nWhether you decide to use federal student loans, private student loans or a combination of the two, there's one thing you should always remember: Student loans must be paid back. So, even if graduation seems like forever from now, think carefully before signing on the dotted line.\nTo put it in perspective, the average student loan debt was $35,620 in 2019, according to Experian data. If you borrowed that much at the federal student loan interest rate of 2.75%, you'd be on the hook for payments of $340 per month for a whole decade after finishing college.\nIf you borrowed that same amount at a 14% interest rate—which is feasible if you have bad credit and use private student loans—you'd owe a whopping $553 per month post-graduation. In some cities, that could nearly cover your rent! Not to mention, you'd pay a total of $30,747 in interest over 10 years.\nIt's possible to get student loans with bad credit, and a college education is valuable, but it's vital to first crunch the numbers before taking on debt. You're not required to accept the full loan amount you're offered—and if you take only what you need, we promise your future self will love you for it. END