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Actually this should be easier for her as she will be seen as independent, all FSA apps need to be filled out and student loan apps as well, investigate your background and look into any organizations you have been with Masons, DAR, PTA's Girls Scouts, Boy Socuts and call until you find what you need. Even your local utility companies sometimes offer moeny for new students, She will be eligable for many programs, because you are on UE as well.

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โˆ™ 2005-10-04 12:32:53
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Q: If you are unemployed and can not cosign how can your daughter get a loan for college?
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Related questions

Can you cosign for someone on a mortgage loan while unemployed?

As a co-signer you are taking responsibility for the loan if the signer defaults. If you are unemployed, why would you want to expose yourself to that risk?

What did the math teacher have to do so his daughter could buy a used car?

Cosign the loan

Does my child need my permission to get college loans?

Most of the time they need you to cosign in order to qualify for a loan. You can try a stafford loan.

Can an employer co-sign for a student loan?

Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.

Can a minor cosign on a loan?

absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.

If you're currently unemployed and your fiance wants to cosign and make the payments on a used car but he lost his license due to a DWI can he still cosign for you?

Whether he lost his licence doesn't matter. What matters is that he is making money and is able to pay if you default on the loan. It also helps if he has good credit.

Can a minor cosign a loan with someone other than his or her legal guardian?

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.

Will I be able to get a student loan if you cosign on someone elses for about 50000?

The loan you cosign is going to count as a loan that you have. If you have the income to support that loan, plus yours, from a loan officer's point of view, you may be able to get a loan. Generally, though, cosigning is a bad idea for anyone.

If you cosign a student loan will you still be eligible for a student loan for yourself?


Can you cosign a loan if you live out-of-province?


Can someone on social security benefit's cosign for a loan?

Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.

How does cosigning for an auto loan affect your ability to get your own auto loan?

Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.

If i cosign a car for someone will my name come off in a year?

No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.

How can a primary buyer get the cosigner off the loan you wanted to cosign for your daughter but she didn't have enough credit so to build her credit you put her on as a cosigner how can you get her o?

The LENDER will have to remove any co-signor from the loan. Your only option is to have your daughter refinance the loan in her name only. She might be able to do this, given enough positive credit history on the existing loan and proof that it was her making the payments on time.

Can you cosign a car loan in a different state?


Can an 18-year-old cosign a loan?


Can a husband cosign for a car loan for his wife?


What happens if you cosign a loan and the other person dies?


Are you resposible for a loan if the person you cosign for files bankruptcy?

Of course.

When might two people need to cosign an agreement?

Two people would need to cosign an agreement when for example, parents need to cosign the loan application for their child or to help a friend in need.

Can an illegal alien cosign loan?


If you cosign for a car loan can you be sued successfully?

Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.

What does it mean if someone has to co sign a loan with you?

To cosign a loan is to guarantee payment if the borrower fails to pay.

When you cosign for someone how long are you required to be their cosigner?

For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.

My daughter was stupid to cosign her friend's dental loan. The loan will likely be in default soon. A year after I become aware of it. Can she be removed from loan if - she was 18 and had no income?

An 18 year old is of legal age to sign a binding contract. The fact that she had no income makes the loan riskier for the lender but has no bearing on her overall contractual responsibility. Your daughter will be (and should be) held responsible for the debt. One suggestion I would have is that your daughter should consider getting herself an income (ie a job) asap to help pay off the loan that she guaranteed. The lesson for her should be: If you don't want to pay for the loan, don't sign for it!