Establishing Credit with a Student Loan
Getting a student loan to attend college in Cincinnati can help young adults establish credit. Before parents co-sign a student loan for their pupil, they should verify that their credit is up to par with a free credit report.
Student loan rates are typically based on the credit worthiness of the borrower, as well as the credit worthiness of a co-signer or parent. The better the credit score the lower the student loan rates. Banks and lenders look at many things to approve a student, or approve a graduate consolidating their student loans, but in order to get the lower student loan rates, a borrower should either have very strong credit, or at least find a co-signer with great credit. Cincinnati Banking Rates finds the best student loan rates for people in Cincinnati.