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Credit Rating affect student loans?

Discussion in 'International Dental' started by Far Cry, Dec 14, 2005.

  1. Far Cry

    Far Cry Junior Member
    7+ Year Member

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    Does anyone know if your credit rating affects your student loans? What are considered good, avg, and poor credit scores?
     
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  3. BDS-DMD

    BDS-DMD Senior Member
    5+ Year Member

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    Hi

    Yes it is the single most important factor. The information booklet for Citiassist clearly states the increasing interest rates for decreasing levels of credit history. If your/your co-signer's credit history is positively bad, the loan may get rejected all together. I know a couple of people who got a rejection for their loan. It will affect your own credit history and interest rate too. So please be very very careful when applying for a loan.
     

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