0
Typically student loan companies look at several things.
1. Does the co-signer have a credit score of approx. 675 or higher?
2. Does the co-signer have enough documented income to take over payments if the student falls to?
3. Does the co-signer have multiple unsatisfied open accounts at this time?
4. Does the co-signer have at least 5-10 years of reported credit (varies by lender)?
Really, looking for government loans and filling out the FAFSA is your best bet. If you must get an alternative or private loan, keep in mind that most college students WILL need a co-signer and that it is your responsibility to work with your co-signer to make sure you are able to handle the obligation of owing xxx amount of dollars to a financial situation. Be sure you make your co-signer aware of all the things above (1-4) so if they aren't able to meet one of those requirements, they don't opt to be your co-signer. Being your co-signer would mean having their credit ran and if they know they won't be accepted, why put your credit at risk.
Hope this helps.
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoNo, 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.
Add your answer:
Earn +20 pts
How can an International student get a student loan without a cosigner?
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.
The student loan settlement student loan settlement student loan settlement student loan settlement student loan settlement student loan settlement.?
There are many places to research student loan settlement. You can look at various places on the web or at many banks. Looking for loan settlements can be difficult start by checking www.wellsfargo.com/student
Where can I compare student loan lending companies?
I would look at different banks. Most banks have around the same loans. I have a loan through PNC and I think it is a great rate and price.
Where could someone go to look for private student loan consolidations?
To look for private student loan consolidations, on can go to the Student Aid website. The website has information about student loans, including how and where to consolidate them.
Where can I get a federal student loan?
Contacting your school's financial aid department is the best way to find reputable student loans. There are a lot of companies that offer what look like good loans which turn out to have very high interest rates. Contact your school's financial aid department and only apply to loan companies that they recommend.
how can i get a loan without a cosigner?
Getting a loan without a co-signer is not an easy task. I would look into federal loans as an option. Look at the website www.fafsa.ed.gov for more information and help on your options.
Does the government look at your credit report before approving a student loan?
Depends on what type of student loan. If it's a Stafford, no. If it's a PLUS loan, yes.
Which bank specialize in student loan refinance?
You should look to your local banks to find out which to student loans refinancing. You could also look at Citi bank that does student refinancing, Wells Fargo also does student loan refinancing too.
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 ever be able to pay for college. Fortunately, there are ways to get student loans without a cosigner. First of all, you should consider talking to a financial aid adviser about taking out a federal student loan. Federal student loans allow students to borrow money for school without a cosigner, and they do not even look at your credit score, which means you will still qualify if you have bad credit or if you don't have credit at all. Along with applying for student loans, you can also apply for federal grants. Just like loans, these grants will provide you with the money that you need to pay for college, but you won't have to worry about paying them back in the future. Secondly, you could consider working on your credit score so that you won't need a cosigner in order to get a student loan. Although you might think it will be impossible to boost your credit score, it might be easier than you think. By getting a cell phone or cable bill in your name and paying it on time or getting a credit card and using and paying for it responsibly, you can boost your credit score, and this can help you qualify for student loans without the need for a cosigner. Lastly, you can consider looking for student loans that will allow students with bad credit to apply, even without a cosigner. Although this might be more difficult, a little patience might help you find a lender who is actually willing to give you a chance.
Where can I fine a free online college?
Chances are you will need to get a student loan. There are no free colleges online. Start by getting a student loan, and then look at online colleges in your area.
Can you get a loan for a vehicle with a cosigner at 16 years of age?
From what i understand, you have to be 18 to enter into a binding contract...and so its up to the bank whether or not you can get one because they can't enforce it on you...so you will definitely need a cosigner and the bank will look at both your credits to see if it's worth the risk i know this because my friend signed for a loan w/ his parents as cosigners and because i also wanted a personal loan and the bank told me i needed a cosigner with better credit :P
How do you find out who has your student loan and is garnishing your check?
Look yourself up on the National Student Loan Data System www.nslds.ed.gov to find out whoever now owns your loans and get their contact information.
