Best student loan lenders for bad credit or no credit of August 2023
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BLUEPRINT
Updated 6:20 a.m. ET Aug. 2, 2023
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Compare the best student loans for bad or no credit
Why some lenders didn’t make the cut
Of the 18 private student loan lenders that we reviewed, only a fraction made the cut. The lenders that didn’t have high enough scores to be included received lower ratings due to higher interest rates, stricter credit requirements and no ability to apply with a co-signer.
Methodology
Our expert writers and editors have reviewed and researched 18 popular lenders to help you find the best private student loans. Out of all the lenders considered, the five that made our list excelled in areas across the following categories (with weightings): loan details (10%), loan cost (40%), eligibility and accessibility (30%), customer service experience (15%) and ease of application (5%).
Within each major category, we considered several characteristics, including available loan repayment terms, annual percentage rate (APR) ranges and applicable fees. We also looked at minimum credit score requirements, whether each lender accepts co-signers and if they offer co-signer release. Finally, we evaluated each provider’s customer support options, borrower perks and features that simplify the borrowing process like mobile apps.
Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.
Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.
