How Eligible for a Sallie Mae Student Loan?

If you are seeking to secure a private loan to help finance your education, your college standing or level of need won’t matter so much as your credit score. This can be difficult, especially considering most students looking to get a loan have very little or no credit history at all! Luckily, Sallie Mae offers cosigner options for those students with no credit or the ones in need of bad credit personal signature loans.

This way, you can get a lower interest rate and will start your credit history off right. The answer to this question is anything but cut and dry. In fact, the answer varies on just what type of loan you are interested in.

If you are pursuing a federal loan, you will need to meet certain minimum requirements, such as a certain GPA, a place within the income bracket, U.S. citizenship and no prior defaults on education loans. Also, with a Sallie Mae student loan, if it is a private loan, you can ask for larger sums of money. So, let’s say you did not qualify for the ... more.

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