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Browse by Credit Score
600 →
At 580, private student loans are nearly impossible to get without a co-signer. Federal loans (which don't check credit) are your best option. Apply for FAFSA first.
Our Top Picks for 580 Credit Score
Best Option at 580
Federal Direct Loans
APR Range6.53% (undergrad)
Min. Credit ScoreNone
Why we recommend it: Federal loans have no credit check, income-driven repayment options, and forgiveness programs. Always exhaust federal options before considering private loans.
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Best Private with Co-signer
Ascent (with co-signer)
APR Range5.99% – 14.99%
Min. Credit Score540 (with co-signer)
Why we recommend it: Ascent accepts 580 borrowers with a creditworthy co-signer, offering rates that can beat federal PLUS loan rates.
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Largest Private Lender
Sallie Mae (with co-signer)
APR Range4.50% – 15.70%
Min. Credit ScoreNo stated minimum
Why we recommend it: Sallie Mae is the largest private student lender and works with co-signers for borrowers at any credit score.
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Frequently Asked Questions
Can I get a private student loan with a 580 credit score?
Private student loans at 580 require a co-signer with good credit (680+). Without a co-signer, you'll be denied by virtually all private lenders. Federal loans are the best option.
What federal student loans are available at 580 credit?
Federal Direct Subsidized and Unsubsidized loans have no credit check. PLUS loans (for parents and grad students) do check credit but only look for adverse credit history, not score.
How much can I borrow in federal student loans?
Undergraduates can borrow $5,500–$7,500/year in Direct loans depending on year in school. Graduate students can borrow up to $20,500/year in Unsubsidized loans.