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Is there a way to get a private student loan when you have bad credit and no cosigner?
Wiki User
∙ 14y ago
"YES" the answer is yes, technically though, you can and may never get any thing closer than this in terms of cosigning for student with bad credit. The simple fact is that no org. will offer to grant loan to a student with bad or no credit because they are in business to make profit and in this case, repayment is the only way they can continue to get their head above water.
Wiki User
∙ 18y ago
Wiki User
∙ 14y agoNo, so far I have found out without good credit no student loans are available. Except for the federal stafford loans. RMAK Adds
Although it is true that it is much easier to find student loans with good interest rates if you have a great credit rating, but even if you have a bad credit rating you don't need to panic and give up your hopes. There are loans that cater for bad credit students other than stafford loans. see link below to get details
Wiki User
∙ 8y agoOne option is to look for private grants and scholarships, rather than loans. The staff at a college financial aid office are trained to know the latest up-to-date policies about loans AND scholarships. Also, books within libraries and websites such as Scholarships.com and The College and Career Library can provide lists of sources for grants and scholarships for college students. Please click on the following related link for more information.
Wiki User
∙ 14y agoSome countries provide government student loans to any student that needs one (provided you are a citizen of course) regardless of your credit rating; you are of legal age to sign a contract, so you do not need a cosigner. The only requirement is that you are enrolled in an accredited university or other tertiary education institute.
Wiki User
∙ 14y agono you do have to have a cosigner with good credit in order to get a student loan.
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What is a creditworthy cosigner for a private student loan?
a secured loan
How can you obtain a student loan without a cosigner?
You can get a federal loan also known as Stanford loan, as it isn't based on your credit history it doesn't need a cosigner. Private loans also don't need credit history and other stuff.
Can the borrower of a private student loan change the cosigner during the term of a loan or must she refinance to do that?
AnswerThe short answer is no, you can never change cosigner on a private student loan. If they die, however, it is transferred to you.
Is the APR of a student loan determined by the credit of the borrower or that of the cosigner?
The cosigner I believe but check with the loan issuers it's in the details.
Am I eligible for alternative student loans?
Most private student loans applicants are required to have a cosigner, especially undergraduates or students who don'tt have a steady income or credit history. The cosigner is required to sign the loan document, but the student is the primary borrower. By signing, the cosigner agrees to be fully responsible for repaying the loan if the student does not fulfill his or her obligations.
Does a parent's credit score affect student loan?
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
Where can a student get a student loan that has no credit bad credit and parents don't qualify as cosigner and gotten all federal loans I gualify for?
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Is the cosigner of a private student loan hindered from getting other loans?
The cosigner of a private student loan can and will be hindered if late payments occur. Another downside to said cosigner, that is if they are in school, just like most everything else they best have the money to cover these loans in some type of colateral.
What private student loan companies will help you if you can't find a cosigner?
They're not generally charitable organizations.
How do you get a student loan with bad credit and no cosigner if your Stafford loans don't cover everything?
SOMEONE THATS HAS A JOB.
Can you co sign a student loan with bad credit?
In the USA, if the student loan is Federal like a Stafford or Perkins loan, then yes you can cosign with bad credit. If the student loan is a private student loan, then no, you must have good credit. Keep in mind, you should never take out private student loans out until you have used up Federal loans, grants, and scholarships. Private student loans have high interest rates and no benefits.
Can you get a student loan with no job or a cosigner?
Definitely, you can easily avail student loans without any cosigner with the help of various types of student loans programs available online. You don't have to be employed in order to get student loans. If you don't have any job then it doesn't matter even then you can get this loan. If you search online you will find various types of private lenders like Sallie Mae, Chase, Wells Fargo etc who offers loans to students without any cosigner. So, you can contact any of them and can get private student loans no cosigner.
