5 Best Private Student Loans With No Credit Check
Don’t have good credit? You can still apply for a student loan. We look at the best private student loans that don’t require a credit check.

A college education is an expensive investment for many students and their families. In fact, private student loan debt averages $54,921 per borrower in the U.S. While there are many private loan options available to students, most of them require a credit check; this makes it difficult for students without a credit history to apply for a private loan.
There are a number of private student loans available that don’t require a good credit history, making them ideal for students who haven’t yet built up a credit profile.
Below is our list of the best private student loans with no credit check required, along with details on their application requirements and repayment terms.
Best Private Student Loans With No Credit Check
Lender | ScholarooRating | Fixed rates starting (APR) | Variable rates starting (APR) |
---|---|---|---|
![]() Funding U Best for high achieving students with no cosigners Visit website | 6.99% | N/A | |
![]() M Power Best for international students Visit website | 12.74% | N/A | |
![]() Edly Best for income-based repayment loans Visit website | 6.97% | N/A | |
![]() Ascent Best for Fair Credit Visit website | 12.71% | 12.96% | |
![]() A.M. Money Best for borrowers with no credit score Visit website | 7.95% | N/A |

Funding U
Best for high achieving students with no cosigners

M Power
Best for international students

Edly
Best for income-based repayment loans

Ascent
Best for Fair Credit

A.M. Money
Best for borrowers with no credit score
#1 Funding U Student Loans
#2 MPOWER Financing Student Loans
#3 Edly Student Loans
#4 Ascent Student Loans
#5 A.M. Money Chicago Student Loans
How To Get Private Student Loans With No Credit Check
Here are not many ways to get no credit check student loans.
You can apply with a cosigner to get a loan if you don’t have a credit history. Many lenders offer loans to students without a credit history if they have a creditworthy cosigner. A cosigner is a person – usually a family member – who signs the loan application with you and is responsible for repaying the loan if you are unable to do so. Applying with a cosigner may also get you better interest rates for your loan.
There are some lenders that consider other things more important when assessing a loan application. Compare private lenders to see if there are any that offer a loan based on merit, future income potential, or financial need. Select the one that best suits your needs and offers benefits or incentives such as loan forgiveness, flexible repayment options, or career counseling services.
How To Build Your Credit Score for Student Loans
Improving your credit score will help you get better interest rates on student loans and open up more funding options. There are a few ways you can build your credit score.
Consider ways to establish your credit, like getting a credit builder credit card. This will slowly start building your credit history and as long as you make payments on time and in full, you should see your credit score increase in a few months.
Credit builder cards let you start with a low credit limit and gradually build up your payment history. Just keep an eye out for the high APRs that are common with these types of credit. You can also take out a secured credit card, which means you’ll need to provide collateral – typically in the form of a security deposit. It might take up to a year or more to build a proper credit profile, but a higher score will help you qualify for better student loan rates.
However, whether it’s a loan or a credit card, make sure you use your credit responsibly, make on-time payments, and keep your balances low. If you want to improve your credit to qualify for a student loan with good APRs, it’s important to start small, make payments on time, and ensure that your debt-to-income ratio remains as low as possible.
You can also ask your parents to add you as an authorized user to their card. This can get your credit journey started much earlier and by the time you require loans for your dedication, you will have a good credit history established.
FAQs
Do private student loans require a credit check?
Although most private student loans require a good credit history or a cosigner, there are lenders like Funding U, Edly, and MPOWER that don’t require a credit check.
Which type of student loan does not require a credit check?
There are some private lenders that do consider credit score or credit history the most important factors in determining the risk of lending. Instead, they base their decision on the student’s GPA, their degree, and their future earning potential. Funding U and MPOWER are two such lenders that provide student loans without a credit check.
Can I still get a private student loan with bad credit or no credit?
It’s possible, but most lenders will require you to have a cosigner if you don’t have good credit. An alternative is looking at private student loan lenders that base their lending decisions on merit, degree type, or future earning potential, and that don’t require a credit check.
Which are the best private student loans without cosigner and no credit history?
Funding U is a great option if you are looking for a loan that does not require a credit history or a cosigner. Edly also does not require a cosigner on student loans. Other good options for such loans include student loans by A.M. Money and MPOWER.