Consider a Cosigner
You may still qualify for a FEL, even if you have an adverse credit history, if you apply with a credit worthy cosigner. ACPE encourages borrowers who do not meet the credit requirements to consider adding a cosigner who has a minimum 680 FICO credit score.
What is a Cosigner?
A cosigner assumes responsibility for the loan if the borrower should fail to repay the loan. A cosigner has an independent responsibility to repay the loan and to notify ACPE in the event of changes affecting the cosigner or the primary borrower.
ACPE may notify the cosigner of delinquency in repayment, deferments granted, or any repayment agreement that increases the amount due on the loan. Borrowers may elect to apply with a cosigner to ensure the application is creditworthy. If you elect to apply with a cosigner and the loan is approved, your cosigner will be a responsible party for the loan even if you meet the credit conditions independently.
For more information about a Cosigner click here