Article by Jason Andrews

You would be surprised how often this question is asked these days. With the economy plummeting, the banks getting more picky about they lend to, and with the costs of college educations rising every year, sometimes a student loan with no co-signer is the only way to fund a higher education program. That might sound impossible, but it’s not. The truth is there are many programs out there to help students who are asking, “What if you don’t have a co-signer for student loans?” Here are the best suggestions we have for students in that position:

- Federal Grants and Loans: This is the least costly option. You can utilize this option by applying with FAFSA, the Free Application for Federal Student Aid. You will have to be enrolled as a part time student at least. Filling out the FAFSA should be the very first step you take in finding a way to fund your schooling.

- Pell Grants: These are given to students who meet the requirements associated with the program, and are only available to students without Bachelor’s Degrees. The amount you receive will depend on your needs and the cost of your schooling. Some of these come through the FAFSA, and others have individual applications.

- Work Studies: This is a federally subsidized program where students can work for repayment of some of their college loans. The work studies available in your area will differ, so talk to the financial office of your school to see what will be available for you there.

- FESOG: This is the Federal Supplemental Educational Opportunity Grant. This is not available to all students, but can be a HUGE boon to those who do qualify. Definitely look into this grant and see if you are one of the candidates.

- Co-Ops: These are similar to internships. You work somewhere related to your field of study while in school, and you get paid while getting a huge educational opportunity. Most school libraries will have a directory showing all of the current co-op opportunities in your area. Talk to any librarian, and they can track it down for you.

- Perkins Loans: These are federally funded loans, that are amazing for students because they do not require co-signers and are perfect for students with bad credit who need a student loan. They can only offer about ,000 a year which won’t cover all your costs, but it can certainly help!

- Stafford Loans: These are the most common no credit check student loans out there. They are student loans with no co-signer, and can give you up to ,000 a year. They are easy to qualify for, have low interest rates, and even offer subsidized loan options that make for the lowest possible interest payments of any student loans we have seen.

These are just some of the student loan options out there that do not require co-signers. Student loans with no co-signers are out there and available, and while we want you to be cautious of which ones you get involved in, there is definitely something out there for you!

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Tagged with: Cosigner • documents • Don’t • Loan • student

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