<p>My problem is that I don't qualify for much financial aid at all, and my parents won't pay anything towards tuition. They also will not cosign for loans. Are there loans available to entering freshman with no credit history that can cover a substantial portion of tuition and that don't require a cosigner?</p>
<p>I'm interested in this too.</p>
<p>I don't think there are any student loans that don't require a cosigner. The only other options are go to a different school or going into the military.</p>
<p>How about any loans that aren't as picky with credit of the cosigner. I have a cosigner, but she has bad credit.</p>
<p>Unfortunately, you are in a tough spot. A credit worthy cosigner is pretty much required to get any more money beyond what is offered in the financial award. Talk to the FA office and see if they have any suggestions.</p>
<p>ashley , if that cosignor with bad credit is your parent and they get turned down for a plus loan (even if they would have never taken it out, get them to apply and get rejected) -you can get an extra $4K a year in Stafford loans. Automatic-not dependent on income. It will help. </p>
<p>That plus work study of another $2k plus summer earnings of $2500 will get you to about $12,000-$13,000 a year. For some state schools that will be enough. If you have great grades and can suck down a big merit award , let's say Morse scholarship at Rhodes College of $22k, or a $16k scholarship at Hendrix you are done. And some schools have their own lenders that have their own rules and may allow different borrowing options with higher levels.</p>
<p>Good luck. Your situation is tough but keep your chin up and look at all your options . Don't limit yourself. Think outside the box.</p>
<p>I had the same exact problem. My parents cannot co-sign. Luckily I talked to my grandparents and they agreed to co-sign for me. </p>
<p>The poster above me is has good advice.</p>
<p>Is there anyone you know, family or friend, that might co-sign? Ask around.</p>
<p>what exactly does the cosigner do, like what are they responsible for?</p>
<p>I thought that you could get a loan without a cosigner, they would just charge you more interest.</p>
<p>At 18 years old, a pretty non-existent credit history and no real means to pay it off getting a loan with out a co-signer is pretty unlikely.</p>
<p>The cosigner is on the hook for the loan in case you don't pay.</p>
<p>How do you check your credit history? If you 18 and had no jobs what will your credit history be?</p>
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If you 18 and had no jobs what will your credit history be?
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<p>This is the main reason as to why you would not be able to get a loan out side of the subsidized/unsubsidized loans because you would not have a credit history</p>
<p>It doesn't matter if you are 18 or 80, if you don't have work experience, what kind of evidence does the lender have that you will pay them back?
I know some kids have credit cards that they use before 18 to build credit history, my daughter bought a computer on monthly payments, not because she didn't have the money, but to build a history.
There are things that you can do while still in high school to build a history & incidentally this is a good time to remind people to check your history to watch out for errors
Although I have lived in the same house for 22 years, one credit reporting group had me down for living in approx 18 different residences in CA- I haven't even been to CA since I was 13 and never have lived there.</p>
<p>Lenders want a two year history minimum without a cosigner- many students do get jobs when they turn 16- Stafford loans don't require cosigner
but check your credit report!
<a href="https://www.annualcreditreport.com/cra/index.jsp%5B/url%5D">https://www.annualcreditreport.com/cra/index.jsp</a></p>
<p>I was wondering If 56,000 $ Loan from citiAssist is advisable ............for pursuing Bussiness Administration</p>
<p>if you are thinking about a $56K loan- for one year?umm no
not even if it is for 4 years for an undergrad degree.
If money is so tight- and you are insistent on looking at pricey school- consider ROTC</p>
<p>In my opinion, it depends on where you are going to school.</p>
<p>i was wondering how you are suppose to qualify for a loan or any financial aide for another place besides FAFSA or stafford on your own. I am a freshman in college and my parents will pay for tuition and housing, but i have no money for books, food or other activities. How am i suppose to get this money if I have bad credit, no job or a cosigner?</p>
<p>U can make money during school like work-study, campus job or part-time job to pay for ur books and misc. personal expenses. Many students do that.</p>
<p>If you don't have a cosigner, you next best option is getting PT job.</p>
<p>You might also go to the FA office and see if there is anything else they can help with. But I'll guess they'll be more ameniable to a student who already has a job.</p>