Q: I am a college student in desperate need of money to pay for my college expenses. If I cannot find a loan and fast, I will have to drop out of school. I have not been approved for any private student loans, and federal student loans simply are not enough. Could I qualify for no credit check payday loans, and how much could I get?
A: A payday loan, or a cash advance loan is intended to get you quick cash for emergencies or to hold you over until your next payday. Even if an individual could qualify for a no credit check payday loan, these types of loans will not provide you with the amount of funds needed to cover college tuitions or costs, nor are they designed to be used for college funding, as you would have to repay the loan rather quickly.
If you need help with money for college, there are appropriate channels to look into. If you cannot secure a private student loan because of poor or little credit, try obtaining a credit worthy cosigner. Having a cosigner with good credit may possibly help you secure the money you need. Aside from student loans, there are options to cut college costs. Utilizing community college credits, the CLEP program, work-study and/or taking a year off of college to work full time and save are all options. To read more about cutting your college costs, view our free eGuide: 89 Financial Aid for College Tips.
Providing tips on paying for college, and answering all of your student loan and college financial aid questions. Have a college financial aid question? Submit it on our Facebook page, or by hitting the Contact Us link below. Follow us on Twitter, or join us on Facebook for daily financial aid tips and new scholarship listings.
