I am an undergraduate looking for a private student loan of about $5-8000/yr so I can finish the next two years of school. I have minimal federal loans/grants but I need more to cover tuition. I am 20 years old, I am a good student (3.8 GPA) but I have no credit and no cosigner, do I have options? I am not too particular about interest rates at this point, I just need to get a degree. Ideally I would like to get a loan I would not have to start paying back until after graduation as I will be working full time just to pay rent/utilities/food etc... Thanks for any advice

Hi catilineconspirator, at this point in time with the economy the way it is, I do not know of any private student loans available without a cosigner. There used to be loans like that, but nowadays they are mostly all cosigner mandatory. The Stafford loan amounts may be going up a few thousand dollars next year as well. Also, do you have a parent that had mediocre to poor credit? If you do, and they are willing to apply for a Parent plus loan for you (and get denied), then that would make you eligible for more in the Unsubsidized Stafford loan. You can get up to 6000 more year. Let me know if you have more questions about how that works. Or you can visit this site: http://www.staffordloan.com/stafford-lo ... t-loan.php

No, the problem is my parents have good credit, they just don't want a loan like that hanging over their heads with the economy the way it is. I'm not sure if I'm considered independent or not, not sure that means anything.

If you are under 24, and not married then you are a dependent. Private loans can be risky...have you mentioned the parent plus loan to them at all? It has a fixed interest rate of 8.5%, so there are no surprises with that loan. Payments are deferred until you are out of school, and you could make the payments on it when you graduate. The loan would always be in their name until it is paid off, but it is basically a no risk loan that you could be responsible for...like an private agreement between you and them.

You can also tell them that aside from the Stafford loan, you can't get a loan without their (or someone's) help. There just aren't that many options right now for students. It is sad, because I talk to a lot of people that have to drop out.

I forgot to mention that the plus loan is a federally guaranteed loan. It has unemployment and economic hardship deferment options (loan payments can be stopped should those things occur). It is also forgiven should anything happen to the borrower or the student that the loan was borrowed for....just a few points to try and sell your parents on it good luck

If you don't find a cosigner, the result will be the rejection of your application. Now there are some loan programs that are still providing student loans without cosigner. If you don't know much about it then, it is a student loan program where the students get the finance without having the cosigner or credit history. Federal organizations are providing these kinds of loans to the students. Federal Stafford Loans are an example of bad credit student loans without cosigner. With this loan a big part of your study will be covered. To do so you first need to fill the FAFSA form that is available in United States of America. After this apply for the Stafford loans.

Find little bit and you will surely get the loan and achieve your goals.

Best of Luck !

Jolie Joe

Where are the no-credit/cosigner loans? I followed the link on these posts but just keep going to more search pages. Does anyone know of a specific bank/company that is giving no-cosigner student loans? Last year my daughter had a loan from Campus Door, no signer. There were a division of Lehman Bros, and no longer in business. Unfortunately, I am unable to co-sign for her and we have no one else.

I'm with dmarie, does anyone know any specific banks or lenders that can do this?

I know all about Stafford loans and federal help, and it's kind of annoying that that's all they ever try to push on you, but those are rarely enough...

My son received his financial aid results and unfortuantly it is not enough to cover his housing expenses. His father and I have to move out of the state due to financial reasons. With the state of the economy he is not eligible for a no-cosigner private loan. I just read on the forum he would be eligle for more stafford loan funding if his father or I was denied a student plus loan. My question is can I still apply for this loan even after filing bankrupcty this year, even though I know my application will be rejected. Does he have any other options. He does work and attends school full time.

mickey wrote:My son received his financial aid results and unfortuantly it is not enough to cover his housing expenses. His father and I have to move out of the state due to financial reasons. With the state of the economy he is not eligible for a no-cosigner private loan. I just read on the forum he would be eligle for more stafford loan funding if his father or I was denied a student plus loan. My question is can I still apply for this loan even after filing bankrupcty this year, even though I know my application will be rejected. Does he have any other options. He does work and attends school full time.

If you're currently in bankruptcy proceedings you are restricted from applying for ANY credit. If your BK has been discharged to ahead and apply and upon it being declined your son qualifies for up to $5,000 (jr/sr.) or up to $4,000 (fresh/soph) in additional FEDERAL FUNDING in the form of another un-subsidized stafford loan.

Also a co-signer doesn't have to be just mom or dad. It could be an older sibling, boss, pastor, aunt, uncle, grandparents, etc.

Good Luck...

An Unsubsidized Stafford Loan is a federally secure loan that is not supported on financial need. Interest will accrue from the time the loan is disbursed to the school. You do not have to make interest or principal payments until six months after graduation, or six months after you drop below a half time status.

Hi i have been searching for student loans with no credit or co-signer for a while and can't find one. I qualify for the maxium amount of stafford loans,perkins loan, pell grant and i still can not afford tuition. I need as im sure may people who visit this forum need to know if anyone has found or heard of a private or alternative loan to cover the remaining cost of attendance of undergraduate school. I have no credit, no credit card nothing. I have no willing co-signer, no preacher, no parent, no one. I need to know of a bank or some other corporation to loan me the remaing tuition so i can attend school. Can anyone here tell me of such a place?

Remember that to get a student loan without a cosigner you are going to have to either have really good credit and a solid income, or apply for a kind of student loan that doesn't require a cosigner. This will limit you to federal student loans most of the time, and while you could have found a private student loan without a cosigner a few years back, in today's lending climate it would be virtually impossible.

My parents credit have been ruined due to job lay-offs and I don't have anyone to cosign for me? Are there any loans that I can apply for without a co-signor. Still $7000 short for school year and I have received the Stafford Loan. Any help for me?

Hey guys,

If you still need help finding these types of loans.... check out the blog post I wrote on students that can't receive federal aid. -EJ