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How can you get a student loan without a co signer?

Updated: 9/11/2023
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Bowlingkidalessi

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12y ago

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You may want to consider a federal student loan as these types do not require a cosigner.

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12y ago
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Q: How can you get a student loan without a co signer?
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How does an international student get a student loan without a US cosigner?

you can't anymore. after October 2008 you can only get it with a creditworthy US co-signer. sorry.


Can someone with a credit score of about 560 get a loan without a co-signer?

560 is a fairly low score. The only way you're likely to be able to get any loan without a co-signer is if you put up enough collateral to cover the loan.


Will the lender check the co-signers credit?

Yes. The purpose of requiring a co-signer is to guarantee the loan will be paid if the primary borrower fails to pay. Therefore the lender will check the co-signer's credit and the loan will appear as a debt on the co-signer's credit record.Yes. The purpose of requiring a co-signer is to guarantee the loan will be paid if the primary borrower fails to pay. Therefore the lender will check the co-signer's credit and the loan will appear as a debt on the co-signer's credit record.Yes. The purpose of requiring a co-signer is to guarantee the loan will be paid if the primary borrower fails to pay. Therefore the lender will check the co-signer's credit and the loan will appear as a debt on the co-signer's credit record.Yes. The purpose of requiring a co-signer is to guarantee the loan will be paid if the primary borrower fails to pay. Therefore the lender will check the co-signer's credit and the loan will appear as a debt on the co-signer's credit record.


How is the co signer affected if the primary borrower defaults on a home equity loan?

The bank providing the loan will go after both the primary borrower and the co-signer to get the loan paid back. If the co-signer has more assets/is more liquid than the primary borrower, the bank may just focus on the co-signer as both parties (the co-signer and primary borrower) have full responsibility for the debt regardless of who benefited from the cash.


Is the co signer the same as the co buyer?

No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.

Related questions

How can you finance to study in the US as an international student without a co-signer?

Hello I Am BinhPhan i have been searching for a co-signer to help me apply for an international student loan to study business administration in the UK or US and i don,t known how to get a co- signer andis it possible to get a loan without a co-signer. Thanks for your Gesture Michael


Can a co-signer on a student loan get that discharged?

No.


How can your son apply for a student loan without him having a co signer and get approve?

Depends on his age


What happens if co-signer of a student loan dies?

The other signer is responsible.


Can you get a loan if you are a co signer for a student loan?

If you have a good enough income to qualify since the student loan is considered your loan.


How does an international student get a student loan without a US cosigner?

you can't anymore. after October 2008 you can only get it with a creditworthy US co-signer. sorry.


Get a student loan without a co-signer or steady income?

Yes, there are a number of student loan options for those who can't get anyone to cosign and those who have bad credit. One option is a federal loan.


How long does a co signer stay on a student loan?

As long as the loan is in force (until the loan is paid off)


Can a cosigner of a student loan be removed and replaced by another person?

a co-signer can not be simply "substituted" . A new loan must be structered with the primary and the new co-signer, then the first loan would be paid off.


Can the cosigner of a student loan be removed from the loan after the student finishes college and has a job and the ability to repay on his own?

No, a co-signer is legally and equally obligated until the loan is paid in full or until the loan is refinanced w/o the original co-signer being a party to the action.


Can you get a loan for college having no co-signer and also having bad credit?

You could get a federal student loan.


How do you get a co signer off your loan if you have bad credit?

The options are limited. You must pay it off or refinance. You would have to get the bank to agree to a refinance with only you as the signer, if you qualify. Banks rarely remove a co-signer from obligations under a mortgage.