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Your credit history doesn’t need to be a barrier between you and your education: Even borrowers with bad credit or no credit can find student loans. You may not even need a co-signer, although the backing of someone with good credit may improve your chances of approval and your interest rate.

This guide will tell you everything you need to know to help you qualify for a student loan with less-than-perfect credit.

The Best Bad Credit Student Loan Companies in 2021

College Ave

2.94% to 12.99% with autopay Fixed APR
Cost of attendance, minus aid Max. Loan Amount
Mid 600s Min. Credit Score

Earnest

2.94% to 12.78% with autopay* Fixed APR
No maximum Max. Loan Amount
650 Min. Credit Score

Sallie Mae

3.50% to 12.60% with autopay Fixed APR
Cost of attendance, minus aid Max. Loan Amount
Mid 600s Min. Credit Score

Ascent Funding

3.28% to 11.26% Fixed APR
$200,000 Max. Loan Amount
N/A Min. Credit Score

SoFi

2.99% to 10.66% with autopay Fixed APR
Cost of attendance, minus aid Max. Loan Amount
Not disclosed Min. Credit Score

Citizens Bank

3.23% to 10.95% with auto and loyalty discount* Fixed APR
$150,000 Max. Loan Amount
Not disclosed Min. Credit Score

Discover

4.24% to 11.99% Fixed APR
No maximum Max. Loan Amount
Not disclosed Min. Credit Score

LendKey

3.99% to 8.49% with autopay Fixed APR
Cost of attendance, minus aid Max. Loan Amount
Not disclosed Min. Credit Score

CommonBond

3.74% to 10.74% with autopay Fixed APR
$500,000 Max. Loan Amount
Not disclosed Min. Credit Score

MPower Financing

7.52% to 14.98% with discounts Fixed APR
Up to $100,000 Max. Loan Amount
Not required Min. Credit Score

Methodology:

U.S. News selects the Best Loan Companies by evaluating affordability, borrower eligibility criteria and customer service. Those with the highest overall scores are considered the best lenders.

To calculate each score, we use data about the lender and its loan offerings, giving greater weight to factors that matter most to borrowers. The scoring factors for private student loan providers are customer service ratings, fixed APR, variable APR, loan product availability, minimum and maximum loan terms, minimum and maximum loan amounts, minimum FICO score, and online features.

The weight each scoring factor receives is based on a nationwide survey on what borrowers look for in a lender.

To receive a rating, lenders must offer qualifying loans nationwide and have a good reputation within the industry. Read more about our methodology.

Find the Best Student Loans for You

Lender

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Fixed APR

Variable APR

Loan Term