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Options: Student Loans Without Cosigner
By James Will

When you search for financial aid regarding college funds you have a couple of choices. First you can attempt to get a scholarship, which will pay for some or all of your education. Once you have explored this option you have student loans. The Federal government provides a few programs in regards to student loans. They have the Pell Grant, which is awarded to students in need of financial assistance. The Pell Grant does not require you to pay the money back. The government also has the Stafford Loan. The Stafford Loan must be paid back. You may also elect to go through a private lender for your student loan. If you choose this option you will need a co signer. A private lender will examine your credit report. They will determine your risk and if you have no credit history ask that a family member co- sign your loan before they award it. The only loan that does not require a co-signer will be the Stafford Loan. This is due to their process of lending you money. Student without a co- signer do not examine your credit history. Instead they will ask you what degree program you are in, what school you are going

to attend, and your parents’ income. The government feels that all parents should contribute to their children’s education. So they determine what a parent can afford to provide during the year. Then the government decides what they will award the student. Typically the Federal Loan will cover the tuition and books. In some cases it can also include student housing. However, for student housing to be awarded as part of the loan the student must live on campus. If the student does not they will need to seek an alternative for paying rent- unless their housing choice is part of the university or college in some manner. When you obtain student without co- signer you generally do not get rewarded a large amount due to the risk factor. Still, there are many reasons to attempt to get a loan without a co- signer. You may not have a family member who can sign for you. You may also have a good enough credit history to pass the private student loan application without a co- signer. This latter situation is rare for undergraduate degree programs, but if you are a graduate you may find student without co- signer.
Do you want to know how to obtain a student loan without cosigner? Visit www.studentloan4less.com/nocosigner.html to find it out!