I already tried FASFA and their loan isn't enough to cover my tuition, my mother is a single mother and she isn't able to co-sign on a loan with me. Is there any other path I could take to get the loan by myself?
2007-07-16 05:02:53 · 7 answers · asked by babygyrl7206 1 in Education & Reference ➔ Financial Aid
You can get a loan without a co-signer, but the interest rate will be a lot higher than if you did have a co-signer.
I know Chase gives out loans.
http://www.collegeloansite.com/index.aspx
2007-07-16 05:10:40 · answer #1 · answered by greencoke 5 · 1⤊ 0⤋
I am assuming you have been awarded just a sub stafford. If this is the only loan, you can have your mom apply for the PLUS. If denied, you financial aid office can award you additional funds through an unsub stafford. If you are younger, you probably CANT get a loan without a cosigner. Usually most alternative loans allow you to keep trying other cosigners until you are approved. In other words, the cosigner DOES NOT have to be a parent. Most offer a cosigner release option after 48 months of on time payments. Check with your financial aid offices and the lenders they suggest. If you are approved through someone WITHOUT a cosigner the interest rate and fees will be tremendous. I wouldnt even consider it.
2007-07-21 14:21:37 · answer #2 · answered by John 3 · 0⤊ 0⤋
You aren't likely to find anyone who will co-sign a loan for you if they aren't friend or family. A co-signer is saying that if you default on the loan, he/she will pay it. There are few people in the world willing to do that for a stranger. Perhaps you need to stop taking classes for a semester or two and get a job. A lot of us worked to pay for school.
2016-05-19 01:49:11 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Contact your financial aid office and explain your situation. Often there are funds available for extenuating circumstances. Also look into a plus loan. Your mother's marital status should not affect her ability to cosign.
2007-07-21 04:26:17 · answer #4 · answered by sunrisecitycarpets 2 · 0⤊ 0⤋
Maybe you can try below website to get the information you need. It's about student loans articles for your second opinion.
2007-07-16 15:40:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You could also try scholarships. There are quite a few out there and you don't have to pay them back. Also, contact your financial aid office. They may have other avenues you can explore that aren't widely published.
2007-07-16 05:43:23 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i'm not sure, but i think this site has the answer to this particular question. they've got lots of stuff about this anyway.
2007-07-16 06:24:23 · answer #7 · answered by Anonymous · 0⤊ 0⤋