<p>How can I attain a student loan without cosigners? My parents are not suitable as cosigners, and no family members are willing to take on the burden (not that I blame them). Is this possible?</p>
<p>If you file FAFSA you s/b eligible for Stafford loans which do not require a co signer. The amount you are eligible for depends on your year in college. It is $5500 for a freshman of which a maximum of $3500 can be subsidized if you have 'need'. </p>
<p>FinAid</a> | Loans | Student Loans</p>
<p>If your parents apply for and are turned down for a parent plus loan you can borrow another $4000 in Stafford loans. That would make the maximum for a freshman $9500.</p>
<p>Although unsubsidized loans are not need based you must still file FAFSA to be eligible.</p>
<p>my parents were turned down for stafford, problem is even if i take $9500, i will still be 11,000 short for my state U</p>
<p>the stafford loans are in the students name, not the parents. </p>
<p>Did you do your FAFSA yet? what what your EFC? do you qualify for Pell grants??</p>
<p>i did for last year,im filling out this years this week, I'm pretty sure my EFC is $15,000, but thats jsut not possible with the amount my parents pay out in bills each month (they used to spend irresponsibly, so not only are they basically paying out their salaries in credit card bills and the like, but also because of this their credit is next to nothing, so I can't use them as cosigners on a loan)</p>
<p>EFC formula does not consider consumer debt. I would recommend you try to find a less expensive alternative to borrowing the amount of money you are looking to borrow. Could you possibly go to a school close enough to home to commute? Or go to a CC for 2 years? Or take a gap year to work & save money? Or find a school where you might be able to get merit aid? These are just ideas ... but please do consider finding ways to reduce the amount of loans you will need to borrow.</p>
<p>if i take a year off I will have to begin repaying my government loans that I had to take out to finance my first semester at binghamton (my parents "wouldn't allow their son to go to community college for the first two years because it wasn't good enough for him", even though I was the one who proposed the idea and was genuine when I said I wouldn't mind it... my parents are very frustrating)</p>
<p>I am sorry. That makes it really tough on you. Are you just in your 1st year?</p>
<p>Yes I finally convinced them to let me go to my local community college for the next semester and then I'm planning from there. I would love to attend Rutgers, I definitely have the grades for it, but I'd have to borrow almost $20,000/year just to go there, I would have to borrow around $10,000 to go to the college closest to me</p>
<p>If you can keep your grades up & get involved in the school community (yes, CC's have opportunities for involvement), you could possibly get a transfer scholarship. The school where I work has them ... I'm sure there are schools around you with transfer scholarships. Get to know your profs so you can get tremendous recommendations!</p>