Posts by category: Banking & Student Loans

Can a bank deny a student education loan?

Banks can deny a student education loan for a variety of reasons, including not meeting minimum eligibility criteria, a poor credit history, or an insufficient income. Students may also be denied for having too many outstanding loans or for not providing sufficient documentation. Taking the necessary steps to ensure that all requirements are met can help to minimize the risk of denial. Knowing what’s needed and being prepared can help students get the loan they need to fund their education.