What would be the the credit score needed for a $30K private student loan?

I have good credit and a job but wanted to know the cutoff or the minimum for getting approved for a $30K student loan. I am assuming an amount like that would need close to a 700?

What would be the the credit score needed for a $30K private student loan?

Up until recently, most private student loan lenders have required a minimum FICO score of 675. In today%26#039;s current economy collegiate lenders are tightening up their student loan lending criteria to a FICO of 695. You are close with your writing of 700 for a $30K loan, but it%26#039;s heading more toward 710-720. If you are able to secure a co-signer who has 750 or more you will very likely be approved, and with lower interest rates.

The following four items can negatively influence ones FICO score:

1. excessive delinquencies

2. proportion of balance to credit limit too high on multiple accounts

3. proportion of loan balances to loan amounts are too high

4. excessive credit inquiries within the past twelve months

Simply put, the higher the credit rating the lower the loan interest rate. Lenders do vary though, so it pays to shop around. Take your time and compare as many as you can. A helpful, free private student loan comparison site is student-loans.net - visit the loans by state pages as many credit unions are featured, which are often where you can find the best deals.

What would be the the credit score needed for a $30K private student loan?

Anything above 680 is considered to be conforming. For fast credit score boosts visit http://www.perfectcreditcompany.com for free information.

What would be the the credit score needed for a $30K private student loan?

There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most%26lt;!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs.

http://best-loans.awardspace.com/student...

Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan--%26gt;you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.

What would be the the credit score needed for a $30K private student loan?

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