If you need a private student loan but have bad or no credit history, there are still options available. The best student loans for bad credit accept lower credit scores or allow you to use a cosigner to qualify. It's crucial to compare fees, interest rates, and other terms before making a decision. Some top picks include College Ave, which offers flexible term lengths and no fees for cosigners, and Ascent, known for its alternative credit assessments based on academic performance rather than credit history. SoFi is another option, especially for those looking to avoid fees, and Citizens Bank provides a credit-building program for students. For international students, MPower Financing offers loans without requiring credit, cosigners, or collateral. Researching and comparing different lenders on eligibility, interest rates, repayment terms, and hardship options can help you find the best fit for your needs. Cosigners can improve your chances of approval and may even secure better interest rates.
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