After exhausting their financial aid opportunities for scholarships, grants, and work studies, many students turn to take out a loan. There are a host of things that affect students’ chances of earning a student loan, and GPA is definitely one of them.
So in short: Yes.
In terms of Federal Student loans (which should be your first pick of the two options: federal and private), there is a requirement that a student must have at least a 2.0 GPA when taking out a loan—and that they maintain a minimum of a 2.0 while still in school. If a GPA dips below that, they run the risk losing that aid (at least until their grades improve).
Your GPA can also affect your ability to get a private student loan. They’re making an investment, after all, and so would like assurances that you’re able to attend and successfully earn your degree! Each private loan is different, so there’s no one magic number for your GPA. Check with your potential loan provider for more information.
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