What Are Some Student Loans That Don't Require a Credit History?


Quick Answer

Most federal student loans, such as the Direct Loans and Federal Perkins Loans, do not require a credit history, according to the Federal Student Aid Office. These loans can help a student establish a credit history. To apply for these loans, students complete the Free Application for Federal Student Aid.

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Full Answer

There are two types of Direct Loans: subsidized and unsubsidized, notes the Federal Student Aid office. The federal government pays the interest on the Direct Subsidized Loan while a student is in school. These loans are for undergraduate students with financial need. Students are responsible for all interest that accumulates on the Direct Unsubsidized Loan, explains CollegeScholarships.org.

Federal Perkins Loans are designed for undergraduate and graduate students who have financial need, typically defined as families with incomes less than $25,000, states CollegeScholarships.org. Not all colleges participate in this loan program.

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