by Robyn Stewart, previous school funding officer at College for the Holy Cross
Question: If I’ve had credit dilemmas during my past, can I nevertheless be capable of getting that loan to fund my child’s college training?
University Coach’s university finance experts get asked this concern often and there’s no answer that is simple. Regrettably the true response is that this will depend. Credit issues can certainly affect your capability to borrow also to make a competitive rate of interest on a training loan. This does not imply that you ought to exclude making use of figuratively speaking in your investing in university strategy.
Locate a Co-Borrower
Numerous training loans for parents can be obtained by having a co-borrower. You may be able to get a loan even with poor credit if you have a friend or family member who is willing to back your loan.