Charge-off on credit report and getting student loan

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Charge-off on credit report and getting student loan

Postby norah » Sun Dec 02, 2012 10:22 pm

I am an adult student who has a charge-off on her credit report. That is, I have credit card debt that is unpaid and is now "bad debt." Will this affect my ability to get a student loan?
Thanks!
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Re: Charge-off on credit report and getting student loan

Postby Aid Whiz » Wed Dec 19, 2012 9:09 am

Potentially. Most federal student loans are not credit-dependent, so you may still qualify for those. Any private loans would require a thorough credit check and you may not be approved.
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