How to Get a Student Loan Without a Co-Signer?
The resolution is Stafford loans as a solution. The trouble with Federal Government loans like Stafford are that students without any credit history can't fully fund their tuition with a Stafford loan. Stafford has really low limits (like 2,650.00 in entrant year). FAFSA, is a very good thing to check. www.fafsa.ed.gov. As long as you have a co-signer that makes above $19,000/year the question is more based on the student's credit history than anything else. If the child is a ward of the state, then there are other options available and almost any school will have financial aid people that will assist. Anybody who makes over $19k a year can co-sign a loan equal to THE COST OF attending FOR THAT YEAR MINUS whatever OTHER FINANCIAL AID. The parents credit matters, but not that much. The co-sign part is just so the lending institution knows they can go to the parent if the student defaults the loan. It's impossible to get a student loan without a co-signer even if the co-signer makes over $19,000 as another person suggested No one will approve a student loan with a co-signer of having a job for 6 months. Federal banks offer loan without a cosigner. Check the facts & figures about the no cosigner signature loans. Go for this loans when all the options are closed. You are able to have various federal loan grants and also various private student loans lenders are in the market.
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