n order to qualify for a private student loan, applicants must be enrolled at least half-time at an eligible school and typically meet the following requirements:
* Must be a U.S. citizen or permanent resident
* You and your cosigner must pass a credit check
Apply Online for an Alternative Student Loan
What is Considered Good Credit?
It is recommended that you review your credit report before you apply for an alternative student loan. Creditors look at Personal data such as employment history, a summary of credit history, details of any accounts turned over to a credit agency, and your current FICO score.
A FICO score is a standard credit scoring method that determines the likelihood that consumers will pay their bills. Typically, a FICO score ranging from 680-700 is considered fair, and anything over 700 is considered good. While your FICO score is not the only deciding factor when applying for an alternative student loan, it does play a major part in the approval process.
Read more about the Eligibility on Alternative Student Loans here
