Can I receive a Stafford Loan if I have bad credit?

Learn About Stafford
  • Fixed interest rate - as low as 4.66%
  • No payments while in school at least half-time

Get Stafford Help

Yes, you can. Stafford loan eligibility is not affected by credit issues like bankruptcy, credit card debt, or low credit scores.

Eligibility for the Stafford loan is based only on your financial need, which is determined when you file a FAFSA.

Note: If you are currently in default on any federal student loans, including Stafford Subsidized, Unsubsidized, Perkins or Parent PLUS Loans, you may not be eligible to receive any form of federal financial aid. Contact the U.S. Department of Education for more information on rehabilitating your delinquent or defaulted education loans.

Stafford Loan Frequently Asked Questions