"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.
No, 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
One 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.
Some 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.
no you do have to have a cosigner with good credit in order to get a student loan.
a secured loan
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.
AnswerThe short answer is no, you can never change cosigner on a private student loan. If they die, however, it is transferred to you.
The cosigner I believe but check with the loan issuers it's in the details.
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.
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.
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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.
They're not generally charitable organizations.
SOMEONE THATS HAS A JOB.
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.
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.