Monday, October 26, 2009

Cant find a cosignor for a private student loan?

Arent there companies or banks that can cosign for a loan for you, if you do not know anybody that can cosign for you?? I already have government aid, and i really must get a private loan in order to stay in school. Literally nobody in my family is credit worthy enough to cosign, all my friends are too young, and my only family member with decent credit was denied. I have to have a cosignor, or else no loan. Anybody know any solutions????



Cant find a cosignor for a private student loan?

I see you're really in trap. Hmm. I believe you are undergraduate. If you were graduate, in that case it would be much easier for you to obtain loan on stand-alone basis.



Before concerning on private loan, take a chance of looking into many scholarships. You'll find them on website: www.fastweb.com.



Applying for student credit card would help you in paying off small expenses like books. I have no idea how much credit limit you would receive, but if you are full time, college student, you can receive student credit card with no established credit history and even employment. For private loan I recommend talk to financial aid office or bank specialist. As you said, you need a cosigners and all of your possible cosigners have bad credit history? No one would be approved? Are u taking typical private student loan or are u taking TERI loan? I applied once to Charter One Student Loan based on TERI, and I got to know that when they reject you, they give you one chance for reconsideration. Then you write them letter with explanation why you would like them to accept you. One more thing, parent PLUS loan I think require your parent or guardian to be only credit-ready, they don't have to be credit-worthy. Credit-ready would be for example someone who have established credit history but has no employment for the past 2 years. Credit-worthy meets all credit guidelines. Good luck. Hope I was helpgul.



Cant find a cosignor for a private student loan?

Regarding PLUS loan a parent is only declined in situation which his credit is very bad. Report It



Cant find a cosignor for a private student loan?

did you fill out the fafsa?? thats what i have always done and i dont believe you need a cosigner on a student loan. contact the school. they should be able to help you. i have bad credit, but have never needed a cosignor. good luck.



Cant find a cosignor for a private student loan?

I have been their. What about student grants look on the computer. Their are grants for being left handed person or their our foundations. Write to Proctor and Gamble in Cincinnati Ohio also write to the oil company's also DuPont corporation, Kimberly Clark. Just write to any company some have money for students. I hope that I have helped you. Good Luck



Cant find a cosignor for a private student loan?

I would go talk to your school's financial aid. I'm not sure about your school, but at my university, if you are denied a Parent Plus Loan(and it must be a Plus Loan), my school will loan $4,000 towards tuition. Perhaps look into that. Also, there is always work study, although that too is rough, most of it is need-base.



As far as private loans, all I know is that you need a cosigner, so I can't offer any advice on that, sorry.



Also, check out Fastweb.com for scholarships..there are several for different things, not just strictly academic. And they are for right now. It def wont hurt to look at.



But good luck, I hope everything works out for you.

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