Gavin Cato asked:


Did they have to come from rich families?

Agent 47 asked:


In my Student Loan accounts it says that I will be able to use a reportable tax interest form 1098E. Does that mean I can use my loan repayments as a tax credit or deductible? By the way, My loans are currently on Forbearance.

Deltagirl asked:


All these tax breaks and money given to banks with bad judgment calls. Why don’t they give us students a break on paying back student loans. Because of the student loans. I will never be able to afford a house.

sue asked:


My husband and I are not credit worthy and are not able to sign for her. She is a straight A student accepted at Boston University with a half tuition scholarship. We are trying to come up with $20000 to cover the first two semesters. Is there any way to resolve this? Please help, if any kid deserves a chance at an education, it’s my daughter.

Arthur asked:


I was talking with a co-worker about my student loan debt problem. He said I could finance all my student loans through the government and that it would be better than consolidating with a private institution. I have government loans and private/plus loans.

There are many lenders who will allow student borrowers to get a student loan without a cosigner, even if they have bad or no credit history. Although this is true, the number of loans available to this targeted audience is very limited. With a little research and time however a borrower can find a qualified lender in their state based on their needs that does not require a cosigner. Here are some quick options that may be feasible.

The first step to finding these type of loans is to first complete the FASFA form. The FAFSA is the Federal Application for Federal Student Aid. This will always be the third party and life line to attaining any type of student loan with bad credit and to get other kinds of federal assistance. The FAFSA will determine how much the student qualifies for and can also open doors to grants. This way, students can find out if they will even need a student loan. If the student is under a certain age, they will need their parent’s income tax returns information including their social security number and other personal information.

Next, the student should get an up-to-date list of their credit report from the three credit bureaus, as this will let the borrower know where they stand and which loans they will qualify for. Going through this process will save them a lot of time and money. There are basically two type of loans the student should look into; private student loans and federal student loans. Private loans are based upon credit, however, more and more lenders are setting up multiple options for those with bad or poor credit. The student can apply for secure private loans which would require a small deposit. This small deposit would be held as collateral and will be held in a FDIC secured savings account that is monitored by the lender. The money in the savings account will not be used or touched, unless the borrower defaults on their loan and doesn’t pay back their loan in the set time that is noted on the loan contract.

Federal student loans are need based and are usually granted to students based on a number of factors such as academic performance and other types of merit qualifiers. These types of loans are easier to get because they do not go off the applicant’s credit score. In conclusion, students should first seek free college grants. Whatever amount that is left uncovered for college expenses can be paid out of pocket or with secure private loans. Getting a student loan with no cosigner is not as hard as it may seems, but it does take some research.

By: Christian Emerson

About the Author:

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Amy M asked:


I have all my school paid for through a student loan that goes through the school and the bank. I have hit my maximum and tried to go to the bank for a private student loan. I needed a co-signer but have nobody to co-sign. Any ideas on where I could go for a private student loan where I wouldn’t need a co-signer. BTW cosigner is not because of bad credit.

setzer_katie asked:


I am graduating in a month and need to know when i have to start paying my student loans? I heard that i am supposed to consolidate my loans into one loan.. Is this true? Has anyone ever done this?

Sara B asked:


I need a loan if i want to graduate on time. im more than half through so i really would prefer not to have to stop and have wasted all of that money.
my parents have abysmal credit so i really have no one to cosign. ive got government aid, but it doesn’t quite cover tuition.
are there any other possibilities of outside loans that could be gotten without a cosigner?

Female Dr. Manhatten asked:


I need to find information about loans that I can apply to and get that do not require a cosigner. I am a college student and I desperately need a loan. Please do not answer telling me how bad debt is, or to apply for scholarships. I already know, and I already am applying for them. Please Help!
I already know about scholarships and the fafsa!