Student loan criteria

Discussion in 'Credit Talk' started by David, Sep 28, 2000.

  1. David

    David Well-Known Member

    In the next six months, I will be needing a student loan (15K). What do lenders look at for this type of loan.

    From your experience, what type of minimum income (assuming no other monthly debt) would be necessary to secure a 15K loan?
  2. Carrot

    Carrot Guest

    As far as need-based loans go, I think the U.S. Department of Education only requires that you have not defaulted on a student loan before. I've only received government-backed loans, so I'm not sure if private lenders have their own criteria. Have you filled out a FAFSA to see if you're eligible for a Direct Loan?

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