How can you get student loan without cosigner?

Answer 1

I have had a lot of experience with private student loans that are non-certified (they do not have to go thru your school to get approved). Next Student has a bit more lenient credit guidelines than many other private student loan companies. You might also try Sallie Mae Tuition Answer Loan. Other loan companies that participate with "fair" credit are American General and Citifinancial. Good Luck!

Answer 2

A good start would be to have a job earning more than $1,000 and to be able to prove that you can pay back the loan. It depends on the lending institution, however, so you might want to pay one a visit to start figuring out how to do this. If the loan is for a car, and you are just starting out, you might consider earning most of the money for the purchase before you buy. This will provide you with some equity in your purchase and save you finance charges.

Answer 3

Although it is very difficult to get loan without cosigner. Majority of the students don't apply because they don't have any cosigner. But now a day many organization are helping such student who don't have any cosigner. You can apply for such loan that not required cosigner. These loans called no cosigner student loans.

You can find a detailed procedure through link that is in "Related Links"

Answer 4

You do not need a co-signer for Federal student loans, so be sure to fill out the FAFSA form! ========== For private student loans, you will need a good credit history, along with other lender-specific eligibility requirements, such as school attendance status, minimum current income levels, etc. If you cannot meet those requirements, then you will need a co-signer who can meet those requirements. A co-signer doesn't have to be a parent; it can be your grandparents, friends, etc. ; anyone willing to be a co-signer for you. Bear in mind that your co-signer will be released from this obligation anywhere from 36-48 months after the loan is disbursed. Compared to federal student loans, private student loans typically have slightly higher interest rates. However, the interest rates on private student loans can be lower than conventional credit products such as personal loans, credit cards and even home equity loans. ========== If you've exhausted the options listed above, then try perhaps a home equity line of credit, whether it's yours or someone you know who's willing use their home as collateral. This, along with credit cards, are borrowing options of last resort. Good luck.

Answer 5

Collateral. For instance, if you want a loan to buy a computer, the bank would list the computer as collateral. If you don't pay, they take the computer. [That's exactly how I started getting a good credit rating when I was 19. I borrowed $2600 from a local, not big corporate, bank for a computer, with the computer as collateral. When it was paid off, I had a good credit rating, up from no credit rating at all.]

Answer 6

The IEFC (International Education Financing Corporation offers loans in varying increments with and without a cosignee.

Visit them at www.IEFC.com for further details.

Answer 7

SallieMae.com offers loans to sophomore or higher college students with out a cosigner.

Answer 8

In order to qualify for a student loan without a cosigner, you need to have a good credit score. If you have a good credit score, there are many banks that will loan you the money.