Student Loans Without Cosigner – Background & 3 Programs to Use

August 27, 2011

Student Loans Without  Cosigner

If you have come to this page looking for student loans without cosigner programs, because either you haven’t built up a credit score yet, or your credit score is a little low, don’t worry there are alternatives that will allow you to get a student loans without cosigner! Being that there are two different types of loan groups out there, government loans, and private organizations, that you can get loans through.Tthis article will provide to you 5 different programs that you can use to get student loans without cosigner needed, read on for more information.

Student Loans Without Cosigner

Student Loans Without Cosigner – Overview of the two loan methods

First off, when it comes to federal loans, they could really care less about credit, making it easy to get student loans without cosigner through a government organization a lot less painless than you may have thought. They are geared towards offering aspiring students loans who have little or no credit at all, bad credit, little or no income among others, so as you can tell they cater to people who can’t really provide a cosigner and also have great benefits not having to pay it back until you are fully complete your education, laid back repayment methods, and a low interest rates that are fixed, meaning they won’t change.

Whereas private loans are hard to get student loans without cosigner, have less leinient repayment methods, and are heavily based on what your credit score is, and worst of all you are stuck with the loan if you can’t pay it because delcaring bankruptcy is not an option with a private loan. With this being a said, we will focus on federal loan programs, so be sure to exaust these federal resources first before you try for a private loan. Without further adieu, here are your 5 programs to use when seaching for student loans without cosigner methods.

Student Loans Without Cosigner – 3 Programs to Use

  1. The first program you can use that offers student loans without cosigner needed is The Stafford Loan. This option allows you to get fixed interest rates as low as 3.4 percent, allowing you the freedom to borrow over 20,000 dollars per year to use towards schooling costs depending on how far along you are with your schooling, you don’t have to pay a cent until you have finished you degree, non based credit score acceptance.
  2. Another federal resource you can use when looking for student loans without cosigner needed is a program called The Perkin Loan. This program provides you with the opportunity to get a fixed interest rate at as low as 5 percent, allowing you to borrow up to 27,500 dollars throughout undergraduate studies, and up to 60,000 dollars during your post graduate studies, which includes what you borrowed for undergrad. This program also allows you to get all your financial aid through the school that you are going to directly.

If you are overwhelmed by the word loan, which we don’t blame you at all, take a look at the program called the The Pell Grant program. This is money that you will never have to pay back and can be a great resource to get the funding you need to complete your schooling.

  • The Pell Grant is another resource you can use when trying ot get student loans without cosigner. This program is one of the most widely used program around when it comes to getting free money for college, being that they have over 5 million people currently receiving financial aid. You can receive up to over 5000 dollars per year of schooling.

Student Loans Without Cosigner – Conclusion

The first thing you will want to do is fill out a FAFSA which stands for Free Application of Federal Student Aid. Filling out this program will provide you with all the programs you are eligible with to attain loans through. Great luck on your search for student loans without cosigner, and hopefully this was the exact information you needed!

 

 

Category: Student Loans Without A Cosigner

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