Having bad credit won?t disqualify you from getting a student loan. You can borrow federal student loans, which don?t factor in credit history.
But, if federal student loans and other aid isn?t enough to pay for college, you may need a private student loan. Getting a private student loan if you have no credit or bad credit (a score below about 630) is trickier.
A few lenders offer private student loans for independent students that do not factor in credit scores. Your future income potential is usually considered instead.
Since credit isn?t taken into account, expect the interest rate you?re offered for these type of loans to be higher than other private loans with a co-signer.

Darryl founded Smith Financial Advisors Inc. in 2006 after over 30 years experience in financial services including Mergers & Acquisitions, Investment Banking and traditional Commercial Banking activities at Bank One. Smith Financial Advisors is a Registered Investment Advisor in the State of Illinois. The firm specializes in Investment management, financial planning, and retirement planning.