Im looking for a student loan. My parents cant help me and I cant get one by myself. I asked our family friend if she would cosign a loan with me. She was divorces last year in July and had no credit at that point because of being married. Since then she owns a house, pays all of her bills on time, and seems like a pretty credit worthy person.
My question is do you think over this past year she has gain enough credit to be a cosigner with me and help me get a loan?
If not do you guys have any other suggestions. I really need this loan.
2006-07-13 10:20:50 · 8 answers · asked by hispeach128 2 in Education & Reference ➔ Financial Aid
This loan would also have to be the kind where they hand you a check not going straight to your school. Because it would be for few bills right now, a car, some rent, and other little things.
2006-07-13 10:27:17 · update #1
http://www.salliemae.com ( For student loans)!!!!
http://www.iefa.org -------> International Students on the web <----
http://www.about.com --->Great search engine and information site for everything <---
http://www.ed.gov/index.jhtml --> Dept. of Education for any questions<--
http://www.fastweb.com
http://www.gocollege.com
http://www.collegeboard.com
http://www.scholarships.com
www.walmartfoundation.org
2006-07-18 17:08:24 · answer #1 · answered by Anonymous · 1⤊ 2⤋
1
2016-10-24 02:15:31 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Please keep in mind that federal student loans AND many private educational loans allow a student to borrow not only for tuition costs but also for the costs of books, fees, housing, transportation, etc. So, try for these loans first before you start looking for other types of loans. Why? Well, quite simply, approval rates for these types of loans tend to be better than approval rates the direct-to-consumer loans that you describe (where a check is cut to you rather than to the school).
Sometimes a year-long credit history is all the lender is looking for, so your family friend might be a fine co-signer. To be honest, she might always have been a fine co-signed but wasn't too aware of her creditworthiness. Being married does not mean that she wouldn't have had credit! Moreover, someone obviously approved her for a home loan, so she must have had some credit!
2006-07-14 10:50:35 · answer #3 · answered by FinAidGrrl 5 · 0⤊ 0⤋
You don't need a cosigner to get loans from the government for education. Go to this website:
http://www.fafsa.ed.gov/
They can help you... or go to the financial aid office at the school you are going to attend, they are sometimes helpful.
I would suggest Federal Loans, since the interest is the lowest on those. I have all of my loans through federal student aid and got them by filling out a FAFSA application.
Good luck!
2006-07-14 04:40:32 · answer #4 · answered by plantmd 4 · 0⤊ 0⤋
I have other suggestions. Yes you CAN get one by yourself! Your student assistance (Aid) office has resources on this. How about working and saving the money? Going part-time and working your way through school? Time will pass either way. If you don't have the money and don't work to get it or go part time and work, time will still pass.
If your family friend wants to stay that, she'll let you foot your own bills!
2006-07-13 10:28:02 · answer #5 · answered by Chris 5 · 0⤊ 0⤋
Don't forget to look at what the Army can do for you. Never say no, it could be closing a door for your future.
The difference between a dream and a goal....nothing will stop you from attaining your goals, no sacrifice too big.
2006-07-13 19:20:23 · answer #6 · answered by Mark W 5 · 0⤊ 0⤋
With a Stafford or Perkins loan you don't need credit or a co-signer.
http://www.studentaid.ed.gov/
2006-07-13 10:22:27 · answer #7 · answered by Sir J 7 · 0⤊ 0⤋
I have always gotten loans through salliemae and they send the checks to you.
2006-07-15 07:23:49 · answer #8 · answered by jenks1545 4 · 0⤊ 0⤋
Try for a PELL Grant & scholarship first.
2006-07-13 10:26:03 · answer #9 · answered by mrsdebra1966 7 · 0⤊ 0⤋