Students with no jobs can often find themselves in a difficult financial situation, and although a government loan may cover the cost of their studies, they still need to pay for their living expenses, and sometimes they need a personal loan to help out. Some lenders will consider loans to students who can show a supplementary income such as Social Security benefits or child support, as long as it is enough to afford the loan repayments.
Best Loans for Students With No Income
There are quite a few lenders who will consider loans to students with no job but have some sorts of regular income; some have minimum credit score requirements but some do not, and it can be helpful to use an online broker such as WeLoans to find the right one.
Here are some examples of lenders that will approve loans to students, along with the loan ranges and credit score requirements:
| Company | Typical APR | Loan Amount | Credit Score Requirement |
| Upstart | 5.35% - 35.99%, | $1,000 - $50,000 | None |
| Best Egg | 4.99% - 35.99% | $2,000 - $50,000 | 640 |
| Upgrade | 7.46% - 35.97% | $1,000 - $50,000 | 620* |
| FreedomPlus | 7.99% - 29.99% | $5,000 - $50,000 | 620 |
| Avant | 9.95% - 35.99% | $2,000 - $35,000 | 580 |
| LendingPoint | 7.99% - 35.99% | $2,000 - $36,500 | 600 |
| OppLoans | 59% - 160% | $500 - $4,000 | None |
Other Options for Students With No Job
Use a Credit Card
You can easily get a credit card even with no employment, although you need to show you have a regular income to cover the card payments.
Consider a Cosigner
Your chances of getting a loan will increase if you can get someone to co-sign the loan, provided they have a regular income and a good credit score. However, if you default on the loan they will be responsible for the repayments.
Get a Loan From the Government
Government loans are available to students to cover their education-related expenses, and there is no requirement for a minimum income level or credit score. These loans are typically not repaid until the student has finished their studies and become employed.