Pregnancy
Bad Credit and Student Loans
Question: Can my child still obtain financial loans to pay for tuition if my credit history isn't so great?
Answer: You usually can, though it is helpful to show that you have made some progress in your credit rating since the initial issue. It is important to show that you are on the way to managing your finances. One of the best websites available where you can apply for loans online is wiredscholar.com, sponsored by Sallie Mae. You can also go to www.ed.gov and www.fafsa.ed.gov.
More on: Expert Advice
Carol Carter is the author of many books on college and career planning. She is the cofounder of Lifeskills, Inc., a nonprofit organization that encourages high-school students to explore their goals, career options, and the real world through part-time work and internships. She also gives workshops around the country on career exploration and other issues directly related to helping students succeed in college, career, and life.
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