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2 Student Loan Options For Parents With Bad Credit


Credible Rating

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Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


3.36%+

1.46%+
$2,001 to $200,000 540
  • Fixed APR:

    3.36%+
  • Variable APR:

    1.46%+
  • Min. credit score:
    540
  • Loan amount:
    $2,001 to $200,000
  • Loan terms (years):
    5, 7, 10, 12, 15, 20
  • Repayment options:
    Full deferral, fixed/flat repayment, interest only, academic deferment, military deferment, forbearance, loans discharged upon death or disability
  • Fees:
    None
  • Discounts:
    0.25% to 1.00% automatic payment discount, 1% cash back graduation reward
  • Eligibility:
    Must be a U.S. citizen or permanent resident or DACA student enrolled at least half-time in a degree-seeking program
  • Customer service:
    Email, phone
  • Soft credit check:
    Yes
  • Cosigner release:
    After 24 months
  • Loan servicer:
    Launch Servicing, LLC


Credible Rating

icon help dark

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


3.23%+1
N/A $1,000 to $350,000
(depending on degree) 720
  • Fixed APR:

    3.23%+1
  • Variable APR:
    N/A
  • Min. credit score:
    720
  • Loan amount:
    $1,000 to $350,000
  • Loan terms (years):
    5, 10, 15
  • Loan types:
    Any private or federal student loan
  • Repayment options:
    Full deferral, full monthly payment, interest only, immediate repayment, academic deferment, military deferment, forbearance, loans discharged upon death or disability
  • Fees:
    Late fee
  • Discounts:
    Autopay, loyalty
  • Eligibility:
    Available in all 50 states (international students can apply with a creditworthy U.S. citizen or permanent resident cosigner)
  • Customer service:
    Email, phone, chat
  • Soft credit check:
    Yes
  • Cosigner release:
    After 36 months
  • Loan servicer:
    Firstmark Services


Credible Rating

icon help dark

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


2.99%+2,3


0.94%+2,3
$1,000 up to 100% of the school-certified cost of attendance Does not disclose
  • Fixed APR:

    2.99%+2,3
  • Variable APR:

    0.94%+2,3
  • Min. credit score:
    Does not disclose
  • Loan amount:
    $1,000 up to cost of attendance
  • Loan terms (years):
    5, 8, 10, 15, 20
  • Repayment options:
    Full deferral, full monthly payment, fixed/flat repayment, interest only, immediate repayment, academic deferment, forbearance, loans discharged upon death or disability
  • Fees:
    Late fee
  • Discounts:
    Autopay
  • Eligibility:
    Must be a U.S. citizen or permanent resident and be making satisfactory academic progress.
  • Customer service:
    Email, phone
  • Soft credit check:
    Yes
  • Cosigner release:
    After 24 months
  • Loan servicer:
    College Ave Servicing LLC


Credible Rating

icon help dark

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


3.2%+

1.03%+
$1,000 to $99,999 annually
($180,000 aggregate limit) Does not disclose
  • Fixed APR:

    3.2%+
  • Variable APR:

    1.03%+
  • Min. credit score:
    Does not disclose
  • Loan amount:
    $1,000 to $99,999 annually
    ($180,000 aggregate limit)
  • Loan terms (years):
    7, 10, 15
  • Repayment options:
    Full deferral, immediate repayment, interest-only repayment, flat/full repayment, academic deferment, military deferment, forbearance, loans discharged upon death or disability
  • Fees:
    None
  • Discounts:
    Autopay
  • Eligibility:
    Not available to residents of AZ, IA, or WI
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes
  • Cosigner release:
    After 36 months
  • Loan servicer:
    American Education Services
  • Min. income:
    Does not disclose


Credible Rating

icon help dark

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


3.02%+7

2.37%+7
$1,000 to $200,000 750
  • Fixed APR:

    3.02%+7
  • Variable APR:

    2.37%+7
  • Min. credit score:
    750
  • Loan amount:
    $1,000 to $200,000
  • Loan terms (years):
    7, 10, 15
  • Repayment options:
    Full deferral, full monthly payment, interest only, immediate repayment, academic deferment, loans discharged upon death or disability
  • Fees:
    Late fee
  • Discounts:
    Autopay
  • Eligibility:
    Must be a U.S. citizen or permanent resident and have a minimum income of $30,000.
  • Customer service:
    Email, phone
  • Soft credit check:
    Yes
  • Cosigner release:
    After 36 months
  • Loan servicer:
    Granite State Management & Resources (GSM&R)


Credible Rating

icon help dark

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


3.33%+8

1.69%+8
$1,001 up to 100% of school certified cost of attendance 670
  • Fixed APR:

    3.33%+8
  • Variable APR:

    1.69%+8
  • Min. credit score:
    670
  • Loan amount:
    $1,001 up to cost of attendance
  • Loan terms (years):
    5, 10, 15
  • Repayment options:
    Full deferral, full monthly payment, interest only, immediate repayment, academic deferment, forbearance
  • Fees:
    Late fee
  • Discounts:
    Autopay, reward for on-time graduation
  • Eligibility:
    Must be an Indiana resident or a U.S. citizen attending an eligible Indiana school
  • Customer service:
    Email, phone, chat
  • Soft credit check:
    Yes
  • Cosigner release:
    After 48 months
  • Loan servicer:
    American Education Services


Credible Rating

icon help dark

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


3.75%+
N/A $1,500 or $2,000 up to school’s certified cost of attendance
(depending on school type and minus other aid received) 670
  • Fixed APR:

    3.75%+
  • Variable APR:
    N/A
  • Min. credit score:
    670
  • Loan amount:
    $1,500 up to cost of attendance less aid
  • Loan terms (years):
    10, 15
  • Repayment options:
    Full deferral, interest only, immediate repayment, academic deferral, forbearance
  • Fees:
    None
  • Discounts:
    None
  • Eligibility:
    Must be a U.S. citizen or permanent resident and be making satisfactory academic progress.
  • Customer service:
    Email, phone
  • Soft credit check:
    Yes
  • Cosigner release:
    After 48 months
  • Loan servicer:
    American Education Services (AES)


Credible Rating

icon help dark

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


5.99% – 24.99% APR
N/A $5,000 to $40,000 600
  • Fixed APR:

    5.99% – 24.99% APR
  • Min. credit score:
    600
  • Loan amount:
    $5,000 to $40,000
  • Loan terms (years):
    2, 3, 4, 5
  • Time to fund:
    As soon as 2 – 5 business days after verification
  • Fees:
    Origination fee
  • Discounts:
    None
  • Eligibility:
    Available in all states except MA, NV, and OH
  • Customer service:
    Phone, email, chat
  • Soft credit check:
    Yes
  • Min. Income:
    None
  • Loan Uses:
    Debt consolidation and credit card consolidation only


Credible Rating

icon help dark

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.


3.5% – 12.6% APR9

1.13% – 11.23% APR9
Up to 100% of school-certified cost of attendance Does not disclose
  • Fixed APR:

    3.5% – 12.6% APR9
  • Variable APR:

    1.13% – 11.23% APR9
  • Min. credit score:
    Does not disclose
  • Loan amount:
    $1,000 up to cost of attendance
  • Loan terms (years):
    10 to 15
  • Repayment options:
    Full deferral, fixed/flat repayment, interest only, academic deferment, forbearance, loans discharged upon death or disability
  • Fees:
    Late fee
  • Discounts:
    Autopay
  • Eligibility:
    Must be a U.S. citizen or permanent resident. Also available to non-U.S. citizen students (including DACA students) attending a school located in the U.S. who apply with a qualifying cosigner.
  • Customer service:
    Phone, chat
  • Soft credit check:
    Yes
  • Cosigner release:
    After 12 consecutive on-time payments
  • Loan servicer:
    Sallie Mae
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Lowest APRs reflect autopay, loyalty, and interest-only repayment discounts where available | 1Citizens Disclosures | 2,3College Ave Disclosures | 7EDvestinU Disclosures | 8INvestEd Disclosures | 9Sallie Mae Disclosures

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