What private Student Loans can I get if my parents have declared Bankruptcy and they are my only Co-Signers?

Question

Alright, I am sitting here with 4,989 in Finacial Aid from my FASA and now I need to turn to private loans. The problem is my only Co-Signer's (my parents) declare Bankruptcy about 6 years ago. Does anyone know of any loan service that will give us a loan so I can go to college?

Answer 1

$4989 seems like a low amount to receive for a student whose parents can't afford school. Are you sure that isn't your EFC? Is this the amount on the award letter from your college?

Well if they declared bankruptcy 6 years ago, it's almost off their credit. Hopefully they have repaired it somewhat since then and at least have a decent score. If not, you'll be eating it in interest.

Contact your bank/your parents' bank. Only use them as cosigners if you must. Try it alone first. Options: Bank of America, Wachovia, Citibank, College Loan Corporation, Sallie Mae. You can find them all online.

Also if you want to try for scholarships, go to http://www.fastweb.com and see what you can apply for.

You can also contact your financial aid office and ask about work-study.

Good luck!

Answer 2

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RE What private Student Loans can I get if my parents have declared Bankruptcy and they are my only Co-Signers?

Alright, I am sitting here with 4,989 in Finacial Aid from my FASA and now I need to turn to private loans. The problem is my only Co-Signer's (my parents) declare Bankruptcy about 6 years ago. Does anyone know of any loan service that will give us a loan so I can go to college?

Answer 3

At this internet site you will discover suggestions from distinctive companies: IMMEDIATELOAN.internet- RE am i able to get scholar loans if my co-signer had declared financial ruin? i choose scholar loans, the federal ones are no longer adequate and the "loose" funds isn't adequate (grants) so i prefer a private loan to cover college. If my co-signer has declared financial ruin will it count? My be certain already have been given denied a scholar own loan for 4k so i understand i won't be in a position to pass there. help! That guy or woman is my final wish. And what lender may well be suitable to shoot for? they'd desire to make this extra handy, no ask your self poverty is on the upward thrust if one can not get a school training because of the fact the cost of training is in simple terms too darn severe and the government would not care to assist human beings! Receptionist positions require college training here too! that's loopy.

Answer 4

Go to your bank with your parents. 6 years may be enough to rebuilt their credit.

... and there's many student loans & grants available online - and offline.

Good luck !