 TITLE: Can You Get Student Loans If You Have Bad Credit Scores? CONTENT: Why Federal Student Loans Are Best for Bad Credit\n-------------------------------------------------\nFederal student loans should be your first stop when borrowing money for college. Not only do they generally have lower interest rates than private student loans, but they also come with a range of protections, such as income-based repayment, loan forgiveness and forbearance or deferment options.\nIf you have limited or bad credit, federal student loans are undoubtedly your best option, because most do not require a credit check (the one exception is parent PLUS loans) or a cosigner. While you must meet the eligibility requirements and fill out a Free Application for Federal Student Aid (FAFSA), your credit scores won't have any impact on the amount of financial support you receive.\nAnother reason federal student loans are best for bad credit? They carry a flat interest rate that applies to all borrowers, regardless of credit scores. So borrowers with bad credit get the same interest rate as those with excellent credit. That's not the case with most other types of loans, including private student loans. END