Is the the fafsa required for all student loans? Or is it possible to get a personal loan w/o a cosigner?
FAFSA is just for federal loans. Yes, some students do get private loans with cosigners. The cosigner has to have excellent credit, be employed or own property and will be fully responsible for the loan should the student not make payments. Also the cosigner will have their credit record affected by cosigning until the loan is paid…
The Op asked about getting student loans without a cosogner. To be honest, unless the student has significant income and collaterol, what lending institution would lend them money without a cosogner has? None.
If a U.S. Citizen or permanent resident, the student is eligible for the Direct Loan which does not require a cosigner.
FAFSA is also required for some state loans and grants. If you are eligible to file it, do.
WHY don’t you want to file a FAFSA?