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.
What do you need to qualify for student loans without cosigner?
Student loans are provided without consigner based on needs. For example if you are independent from your parents, you can qualify for student loans without cosigner. ...
Asked in Federal Loans and Mortgages
Does a cosigner have to replay a federal student loan if the student dies?
Federal student loans do not currently have cosigners. Parents who take out federal PLUS loans for their kids often think they are a cosigner, when they are actually the sole borrower. All federal student loans are discharged if the student dies. ...
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...
How can an International student get a student loan without a cosigner?
US banks offer loans to International student who does not have any cosigner. If you are an international student then you should not get worry about loans or financial requirements. If your course is approved by US academy and having good academic background then you can easily get federal loans or scholarships. If you are not from US then these financial helps are not for you. However, if you are living in US for more than three years then these loans are available...
Do average college freshmen need a cosigner when getting Chase student loans?
Most freshman will in fact need a cosigner for loans. The need of a cosigner is dependent on how much good credit history the student has available. So, if for example the student was in their late 20's and had successfully paid all debt prior they would not need a cosigner. ...
Can you be put in jail over not getting your cosigner off your student loans?
In the US, no you can not be put in jail. If you want to remove a cosigner from your student loans, then you need to consolidate them in your name alone. You can get help with the consolidation of your loans by clicking on the link at the bottom of this text box. ...
Asked in Loans
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. ...
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 cosigner student loans. You can find a detailed procedure through link that is in "Related Links" ...
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. ...
Is it possible to get a student loan if you are under 18 with a cosigner and if so where?
Minimum age for federal student loans is 16. Federal loans don't require a co-signer. ...
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. ...
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.
Asked in Money Management, How To
How To Get Student Loans Without a Cosigner?
If you have been looking for ways to pay for college, you have probably thought about taking out a few student loans. However, you might have found that a lot of student loans require that you have either a high credit score or a cosigner. If you don't have credit or if your credit is bad and if you don't know anyone who is willing to cosign with you for a student loan, you might be unsure of if you will...
Can you get Student loans as a felon?
Only if one has a felony drug conviction may they not qualify for student loans. Otherwise, with good credit or a cosigner you can still qualify. If you want to know more, go here: http://www.financialaidfinder.com/financial-aid/seeking-financial-aid/student-loans/ ...
Are private student loan cosigners in danger if you default on other loans they didn't cosign?
OP here with more details: the private student loans they are cosigned on are current/paid on time, but other private student loans (with the same lender) are about to default. Can this in any way cause problems for my cosigner? ...
If the cosigner on a student loan files bankruptcy is he still liable for the student loan he cosigned?
bankruptcies do not wipe out student loans by federal law, unless you can prove extreme inablilty to repay them ...
Asked in Law & Legal Issues, Personal Finance, Loans, Co-signing, Student Loans and Financial Aid, Money Management
Can the cosigner of a student loan be removed from the loan if the student did not use the loan for its intended purpose And the student did not finish college and is not paying the loans?
NO you have s secondary obligation for the note, not the money or how it was or was not used. ...
Asked in Student Loans and Financial Aid
Is it possible to obtain a student loan without a cosigner?
It is possible to obtain a Student Loan without a Cosigner if you apply through a Government Loan Program. One such Program is the Stafford Loans. You do not need an Income or Credit History to receive a loan. ...
Would your parents have to pay off your Wells Fargo student loan if they are a cosigner and you default?
If your parents are willing to be a cosigner, they may want to check into the new Wells Fargo Student Loans for Parents. With this, they would be fully responsible for repayment of the loan. ...
Will private student loan companies go after a cosigner if you file for bankruptcy?
Gov't backed student loans are exempt from BKruptcy....they will come after you thru tax refunds or garnishment. ...
Can a student loan cosigner be retired?
Some student loans to have the option of cosigner removal. Those that have the option generally will do it if: 1) 2-4 years of consecutive, on-time payments have been made, AND 2) the student/main borrower now meets the credit criteria for the loan on their own. ...
Where can you apply for a student loan with no credit and no cosigner?
Try going to the financial aid office at the college. They can help you apply for loans and grants. ...