The cost of a good college education goes up every year, putting pressure on parents to get their children the education they deserve. The primary cause of this can be attributed to the explosive inflation of college tuition fees as opposed to family incomes. Parents have to look for banks that offer student loans, compare student loans interest rates and so on.

The good news is that, even if you have bad credit, everything’s not lost. Over time there have been many families in similar situations and seeing the problem many plans have been devised by banks that offer student loans to include such students.

Since most private student loans come with their own bunch of stringent credit checks and policies, it is impossibly tough to get approved for private student loans. The next best option for students to help with student loans is with the United States Government, apart from banks that offer student loans. The Government does not generally check the credit histories of the applicants and prospects can apply for student loans with the government. This is done through the Stafford loans. These loans are offered on the basis of financial needs. As a prospective or a current student, you need to prove you are in need of the loan and if the loan conditions suit your needs, your loan is approved.

These are some of the loan options that are available for applicants with a bad credit score:

• Stafford
• Perkins
• GradPLUS
• ParentPLUS

Applicants need only fill the FAFSA form online to apply for student loans if you have a bad credit history. It is used to gather data about the financial history of the applicant to judge their eligibility for loans.