How do you get a student loan without a co-signer?

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Federal loans (such as the Stafford loan) are not based on your credit history. You will not need a co-signer, or good credit. With private loans there is no way around needing a good credit history.
Here is more input and advice:
  • If you're in foster care, talk to the people. There is a program which provides tuition, room and board money to children who were in foster care until they went to college.
  • The answer above suggests Stafford loans as a solution. The problem with Federal Government loans like Stafford are that the student with no credit history can not fully fund their tuition with a Stafford loan. Stafford has very low limits (like 2,650.00 in freshman year). As a parent it was my expectation that my daughter would just get student loans on her own to fully pay for her own college without involving her parents. We can not afford to pay her tuition and have never started a college fund as we could not afford it. And now our income is better but we can not afford to pay it without changing our lifestyle. Anyway, I decided to help my daughter by applying for a PLUS Parent loan but was rejected due to bad credit. I was told that she can get additional Fed. Stafford funds up to another $4,000. That helps but she really needs the whole amount of the tuition and room/board. In this case she needs a total of $10,000 per year. Stafford sucks.. they should not cap the amount that can be borrowed. The student should be able to borrow the whole tuition amount without help from parents.
  • Its a sad situation; my parents lost their jobs and I have been working free-lance on and off so i have no steady income or credit thus still dependent on my parents somewhat. My parents makes 45,000/per year combined so I filled out a form stating based on my condition i am not able to afford any other loans other than the Government Stafford loan. I only receive a limit and wasn't able to receive any more cause they said my parents income was kind of high even though they aren't working. Come on now such hypocrisy; I filled out a special circumstances form but that would take 2 months, by that time school essentials would need to be met at couple weeks before school start. Only a miracle is needed, and none is presenting themselves. I did couple scholarships but when they are issued out it would be in mid-term, so I guess what other opinions are there? Parent Plus and Signature Loan i cant get that completed cause for one my parents have their own loans to pay off, they have no source of income right now, and finally their credit isn't that great. I explained this to my school but they say i must fill a form out which apparently is gonna take forever to be reviewed. Being a student well I should say being a young American and the seed for the future of this country my options are limited, I'm not saying the government should sponsor every child in its boundaries, but the ones who cant get an alternative loan should able to get the Stafford loan at its maximum because either way you put it we are still going to have to pay back the government money we borrowed with interest.
  • FAFSA, is a very good thing to look into. 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. ANYONE who makes over $19k a year can cosign a loan UP TO THE COST OF ATTENDANCE FOR THAT YEAR MINUS ANY 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 on the loan.
  • It is impossible to get a student loan without a co-signer even if the co-signer makes over $19,000 as another person as suggested. I was the victim of a scam and my credit got ruined. My Dad has excellent credit but no one will approve a student loan with him as a co-signer because he's only been at his current job for 6 months. My fiance has ok credit and makes almost $40,000 and they wouldn't accept him as a co-signer either. I have applied to every bank and loan company I could find on the internet. I even started calling to find out their minimum credit scores to see if it would even be worth while to apply. I got the same answer each time "we don't give out that information". They all just wanted me to apply and "see" if I will get approved. I told them I know they wouldn't approve me because I've applied to all of them before. (I was able to get some negatives off my credit report and raise the score to 610 but no one will tell me if that's high enough and all want to run my credit again! That will show as an inquiry and cause it to go down even more!!)
  • Federal banks offered loan without a cosigner.
  • Check out facts & figures about the no cosigner signature loans. Try for this loans when all the options are closed.
  • You can have various federal loan grants and also various private student loans lenders are in the market.
268 people found this useful

If you have little or no credit history can you get a student loan without a co-signer?

Well that's a tricky question it depends. There are 5 major types of loans to fund an education. Stafford Loans (sub and unsub) No credit checks are required but they have certain loan limits. 3500 Freshman 4500 2nd year 3rd and beyond $5500 per year. But if your are older than 24, married, in the (MORE)

Can an international student get a student loan without a co-signer?

It is possible to get student loans without cosigner by an international student, as currently there are various types of loans available for this purpose. International student loans are capable of bearing all the educational expenses related with a student and with a long repayment period.

After a co-signer on a student loan dies is their estate responsible to pay of the loan?

In the United States, if the student loan is Federal, then the answer is NO. The Dept of Education has a forgiveness provision for death of borrowers of Federally Guaranteed Student Loans. The loans would be forgiven and the estate would not be liable. The loan is the responsibility of the Stu (MORE)

How can an International student get a student loan without a cosigner?

US banks offer loans to International student who does not have anycosigner. If you are an international student then you should not get worryabout loans or financial requirements. If your course is approvedby US academy and having good academic background then you caneasily get federal loans or sc (MORE)

Can a student get a private loan without credit or a cosigner?

Answer . It is very hard to obtain a private loan without credit or a co-signer. If you have collateral such as a vehicle/boat, then you may be able to obtain a secured loan from a credit union. Try building credit with a secured card or a student visa with a low limit before attempting to get (MORE)

How can a 17-year-old get a student loan of 13000 dollars with no co-signer?

Answer . 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 star (MORE)

Where can you get an additional student loan without a co-signer to pay child support so you can talk to and see your children when you are a full-time college student and cannot find a job?

Answer . \nYou cannot get a student loan to pay child support, but child support is not an agreement of custody or visitation. If the judge gave you visitation rights then you have visitation rights. The custodial parent does not have the right to keep you from seeing your children. Child suppor (MORE)

Can you get any federal student loans without the FAFSA?

You need to fill out the FAFSA first. Then you can apply for other loans. The FAFSA determines your financial need and this loan is free. So do that and then apply for other loans. With some of the other loans you will need a co-signer. So if you have someone you trust then ask them and by having th (MORE)

How do you get a loan without a co-signer?

In order to get a loan without a co-signer: . you must have to be of 18 year old or more . you have to submit some proofs to your lender or bank to prove that you are able to pay loan, for that you have to submit your monthly income report (it must be $1600 or more) and if you are having previous (MORE)

Are there loans for students without credit and a cosigner?

Answer (FAFSA). The FAFSA is used to apply for all types of federal student aid and serves as your application for the Stafford loan program as well.If you qualify for grants, they help with this too. Both my sons have used this program. There are other lenders out there...if this doesn't work.. (MORE)

How can I get a student loan without a cosigner?

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 c (MORE)

I have Bad credit can you get a Student loan with NO co-signer for around 12000 dollors?

The rising costs of college tuition have made it almost a necessity to apply for a student loan today. Students not only have tuition costs, but the cost of books, meals, gas, cell phones, recreation, etc.The variety of student loans enables students to take care of their varying college expenses. A (MORE)

How can you get student loan without cosigner?

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 (MORE)

Can a 18 yr old get an auto loan without a co signer?

Should be able to if you have a good credit report as you are an adult. However, if you do not have or have not ever had credit, then you well may need a co-signer.. I would talk to your bank about obtaining a very low, modest sum of money as a loan just to establish a credit history. Pay it back a (MORE)

Are Student loans no co-signer?

It is perfectly acceptable for a parent or guardian to co-sign on a student loan. Actually, this is usually the case as the student doesn't have enough credit to qualify for a student loan by themselves.

Can a co-signer be relieved of responsibility on a student loan after a few months?

Only if your student loan agreement has a "co-signer release" clause that permits a co-signer's name to be removed after such a short period of time and/or a specified number of consecutive on-time monthly payments.. Usually co-signer releases will be considered after 24-48 consecutive monthly paym (MORE)

Is there a statute of limitations on student loans for a co signer?

In the US, the answer is no, the government can collect indefinitely. There is a way to help yourself though. If the loans are Federally Guaranteed, you can tell the borrower to consolidate the loans in only their name, that will get you off the hook. If the borrower needs help consolidating t (MORE)

Can you remove student loan co-signer due to disability?

No. Additional: The lender issued the loan to you based on the financials and the background of BOTH parties. It is highly unlikely that they will release your "backer" unless (POSSIBLY) that you can demonstrate that your credit rating is now good enough to handle the loan by yourself. Examine (MORE)

You co-signed for a student loan Can you be removed as co-signer?

Generally, no. However, you must ask the lender or lenders if you are shopping for a loan. In many cases, the lender will not remove a co-signer until the loan is paid due to the high default rate on student loans. Another Perspective I have had a student line of credit with a co-signer, and de (MORE)

How can you get out of co-signing a student loan?

Generally you can't get out of your obligations as co-signer unless the loan is paid off. 1.) Don't co-sign unless you can afford to pay off the loan. 2.) Try to arrange a payment schedule if the primary borrower defaults.

Is it legal to get a student loan without a highschool diploma or GED?

no it is not legal. i am going through this right now. i hae never had a ged or hs diploma and i was approved to go to a casino dealers school but i cannot get a job in the casino now because they require you to show them a hs diloma or ged and i do not have one to show them. they just offset and to (MORE)

Can you get a bad credit car loan without a co-signer?

Yes of course you can get a car loan without cosigner if you have bad credit, you have to just find some websites who provide car loans without bad credit and no cosigner simple and fill out the small form there that's it they will contact you within 2 business days.

When is co signer required to take over student loan payments?

The co-signer is fully responsible for paying the loan and, therefore, they should take over the payments immediately to prevent damage to their own credit record. Cosigners should make certain they know what their obligations are before they sign. A person who has poor credit or no credit record (MORE)

Can most students get a loan without a cosigner?

You can get a loan if you are a student without a cosigner however it can also be a little tricky. I would suggest going to your local bank and chatting to a financial advisor for better advice.

Where can you apply for tuition loan as the student without cosigner help?

You should talk to your college's Financial Aid office, who will be able to direct you to potential loan sources which may not need a cosigner. Most students are not going to be able to get a loan without a cosigner unless it's something like a guaranteed student loan, in which the government is ef (MORE)