I had a similar problem. I was actually unable to find a solution, and the employees of more than one college financial aid office that I spoke with had NO advice and were not helpful. I have actually been unable to get even HALF as much funding as I need, since Stafford is a joke, if you're going to a University. Also, my parents were ineligible for a Plus loan. I got a little more money as a result of this, but not much. I definitely wish you luck.
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.
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.
No, for the majority of student loans available in the United States you will not need a cosigner. However, for private loans, you will need 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.
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.
In some cases a cosigner may not be needed for a student loan. Check with your college's financial aid office.
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"
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.
SallieMae.com offers loans to sophomore or higher college students with out a cosigner.
Yes if you are a US Citizen you may get a loan without a cosigner. However, your % will be higher in terms of interest. As a result it is best to have a cosigner.
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.
The cosigner I believe but check with the loan issuers it's in the details.
a secured loan
AnswerThe short answer is no, you can never change cosigner on a private student loan. If they die, however, it is transferred to you.
It is very possible to get a student loan with no cosigner and only 1 year of employment. The best solution would be to apply for a federal stafford loan.
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.
The parent borrower of a PLUS loan sometimes thinks they are the cosigner, when they are actually the non-student borrower. This misconception would not exist if they had actually read the loan agreement, and they are still severally liable for the keeping their part of the contract.Being the student or not being the student does not necessarily determine whether or not you're a "cosigner" or a borrower, you need to read and understand what you're signing.
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.
Main requirements: Excellent credit, longterm steady verifiable employment, and a history of paying your bills on time.
You may want to consider a federal student loan as these types do not require a cosigner.
I dont think so. I actually am the one that posted the question but i do have a partial answere--myrichunccle.com was able to give only $5000 rates are sky high though but they did it with no credit history
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 for you. If you are not eligible for federal loans then apply for international student loan without cosigner that are offered by some leading moneylenders. These are private student loans and any student may apply for these loans. Well, my research says that there is a website Excite Education, they have a page of student loan cosigner. it may be helpful. Do take a look. Good luck!
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.
Then you will get cut off or you are ineligible for any other financial service.