No credit check student loans are available even if you have either no credit or less than stellar credit. While it will be difficult to secure a private loan with bad credit, there are options if you are willing to pay the price. Alternatively, there are federal programs available through which you may be able to apply for a no credit check student loan.

If you decide to go the private loan route, you have a couple options. The first option is to get a cosigner for the loan. The cosigner’s credit will be used instead of the your bad or nonexistent credit. The downside to this method is the cosigner will be responsible if you default on the loan. The second option is to hunt down a lender apply for no credit check loans that is willing to lend to you without a credit check. While these lenders do exist, interest rates are going to be sky-high and there are sure to be exorbitant fees to secure the loan.

It is usually better for a student with no credit or bad credit to seek out a federal loan. A couple of loan programs that allow students to apply for a no credit check student loan are the federal Stafford Loan and the federal Perkins Loan. Almost anyone can qualify for a Stafford Loan. They have low interest rates and don’t need to be paid back until six months after graduation. Federal Perkins Loans are also low interest, give a six month grace period and have the added bonus of flexible repayment plans.

In order to apply for a no credit check loan, you should start by filling out the Free Application for Federal Student Aid (FAFSA). Students need to carefully fill out the form because errors can delay or disqualify a student from receiving financial aid. After filling out the FAFSA and getting qualified for student aid, you then must apply and be accepted for the loan itself.