The following is an opinion article from Buzzfeed’s “Inside Higher Education” series.
For the full series, click here.
When you think of higher education, the words “credit card” or “student” immediately conjure up a vivid image of money.
You can think of the credit card as the most important tool that you can have for your financial future.
But how do you get credit for college?
If you are enrolled in an accredited institution and you need financial aid, you are required to complete a credit check to get approved for the loan.
In some cases, a credit report will be needed to verify your eligibility for a particular loan.
If your student loans are in good standing, you can even apply for financial aid for your future college expenses.
For some students, however, they might not have the funds to pay off their loans, and some might be ineligible.
What can I do to qualify for a credit card?
If your credit is in good shape, there are a few things you can do to be eligible for a student loan.
First, you should be aware that if you are not a student at a school that is accredited by the United States Department of Education, you may not be eligible.
If you do not have a valid student ID or a driver’s license, you could not get a credit or debit card at a student lender.
Students with a valid driver’s or driver’s card are required by law to register at the DMV or an approved agency.
If the driver’s identification is not current or the driver has been convicted of a crime, it may not have been properly registered.
You also may be eligible if you: Have a valid credit or a debit card.