im a 2nd year under grad, and I have come to a point where I need to get a student loan. I'm looking to get a loan to cover living expenses, not tuition. Im 18, and dont have credit. I have applied for private student loans with Bank of America, and Sallie Mae. Both have turned me down, saying that I would qualify with a cosigner only. I dont really want to ask anyone to co sign, however I do have a trust fund, which is for an amount greater than I am requesting the loan for. Because of the trust's requirements, I can not have that money until I am 21, so it can not help me right now. Is there anyway I can use that as collateral to get a student loan without a cosigner?
(I have also applied for federal loans, Im just waiting to hear back from the finaid office about how much would be available.)
2007-10-22
13:41:11
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2 answers
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asked by
jenni
2
in
Financial Aid