Fast Student Loans No Credit Check
To obtain fast student loans no credit check either means obtaining a federal guaranteed student loan or a payday loan. If you’re eligible for a federal loan, that’s often the best deal available. But if you can’t get a federal student loan, why not consider LoanNow?
The Federal Guaranteed Student Loan Program
The initial application process for federal student loans involves completing the FAFSA: Free Application for Federal Student Aid. The FAFSA can be completed online. Many schools require very little further documentation for students seeking financial aid.
The FAFSA helps colleges and universities determine how much money you are eligible to receive in federal grants, work-study or loans. With such fast student loans no credit check is conducted because the government guarantees the loans. You aren’t borrowing from the school you attend but from Uncle Sam. And while the federal government can be tough on borrowers who default on their loans, there is no requirement to repay federal student loans while attending classes.
Private Student Loans and Payday Loans
Private student lenders require stringent credit checks. Students are often required to provide co-signers to qualify for private student loans. In addition, many private student loans require students to make payments while they are still taking classes.
If you’re not eligible for federal student loans and cannot provide a co-signer fast student loans no credit check often means payday loans. But students that opt for that route often obtain a very painful financial education. Such loans often carry much higher interest rates than federal student loans or even private student loans.
Students not only must make payments on payday loans while they are enrolled in classes – their payment due dates often occur with a few days after they obtain their loans! Even worse, if they’re unable to pay off their loans in full, they’re drawn into a cycle of partial payments and rollovers that cause their loans to get bigger even while they’re making payments. School is stressful enough without that kind of headache.
The LoanNow Alternative
With LoanNow fast student loans no credit check is not an option. However, we don’t automatically exclude borrowers who have less than stellar credit. We look beyond FICO scores to consider potential borrowers’ entire financial profiles. We approve many borrowers that banks turn down. We also work with borrowers to keep them on track with their payments – without expensive rollovers. Borrowers who maintain on-time payments are rewarded with lower interest rates on future loans. Why not check us out!