Both Stafford and Perkins lending standards are much looser than other lending institutions and they are backed by the federal government. However, these loans are only available to people who can qualify. If you are not able to qualify for a government subsidized loan, you may need to apply for a private loan through another lending institution.  Stafford and Perkins loans are specifically designed to make funds more available for college students to pay for their education, even if a student does have bad credit.

There isn't a huge need to students to find bad credit student loans if they can qualify for these two types of loans. Anyone can take them out and they work regardless of credit history. I personally never took them out because I qualified for Pells grants but they are a great options.