How Bad Credit Will Affect Your Student Loans

The good news is that having bad credit won’t generally impact your ability to get student loans. Unlike 5000 dollar installment loan, student loan is often seen as ‘good debt’. Good debt is debt that is used to finance what will hopefully lead to more income down the line. Mortgages, student loans, and some business loans are seen as good debt as their purpose is as an investment. While bad credit will affect almost all loans in terms of the interest rates you’ll receive, student loans are mostly attainable no matter what a student’s credit history or score is.…