About Unsecured Student Loans
Unsecured student loans are when a student has bad credit, no credit or no collateral in order to get additional funding for school. Apply for an unsecured student loan at a private institution with help from a financial aid officer in this free video on student loans.
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Hi, my name is Brooke Kramer, and I am the Financial Aid Officer with Argosy University in Salt Lake City, and today we're going to talk about unsecured student loans. Now, what unsecured student loans are, is when a student has either no credit, bad credit, or no collateral in order to get additional funding for school. Normally a student can qualify for Stafford Federal Loans that do not require a credit check, but if you need loans in addition to this and have poor credit or no credit, then usually you would have to take out an unsecured student loan. Now, normally you have to go to a private institution in order to apply for one of these loans. When you apply, there will be a lot of questions asked of you in order to see if they will take a risk on you, pretty much, 'cause this is a high risk loan. Normally, the amount of the student loan is fairly small because you are a high risk student taking out a loan. If you have any other questions, please feel free to check out our website at www.argosy.edu.