I Need a No Cosigner Student Loan! If your saying this, then you must have exhausted ALL of your free money for college (scholarships, grants, and student loan alternatives), and “no cosigner required” federal student loan options, right? If you have NOT done the above, and are on the hunt for a no cosigner private student loan, you’re doing yourself a financial disservice!
Many times students do not qualify for private student loans without a cosigner because they have little to no credit history (or bad credit history), and securing private student loans factor heavily on your credit score (hence why you are asked to find a credit-worthy cosigner).
So before you “freak out” about needing a cosigner for that private student loan, rewind - and ask yourself if you “have any other options for filling the gap between what your federal student loans have provided you with, and what your education expenses total” (you have filed your FAFSA, and applied for federal student loans, haven’t you?… if not, stop reading this right now and click here to visit our federal student loan section).
If you HAVE used up all of your free money and federal financial aid options, and need a private student loan without a cosigner to bridge the gap of your college expenses, it can be done. However, in order to obtain a no cosigner private student loan, you are going to have to have worthy credit. To view our section on Private Student Loan Without a Cosigner.
TheStudentWhoGotScrewed:
is a 27 year old college graduate from the University of Wisconsin-Milwaukee, currently living in the Chicago, IL area. Read all of my posts by clicking here and read my profile by clicking here. Share your student loan experiences, stories and tips with me and other readers by dropping a comment!
Tags: applying student loans college, credit, Private student loans, student loans
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