| Student loans are wonderful things when you are in | | | | rare. They do exist though. In a situation with a private |
| college. They help your dream come alive for your | | | | lender the only way to get a student loan with no co- |
| chosen career. There are several options when it | | | | signer is to have a solid credit history. If you already |
| comes to student loans though, and it is important that | | | | had a car loan that you paid off or a mortgage you will |
| you know about them. Student loans with no co- | | | | discover the lender is more willing to lend money |
| signer are rare. Most private institutions will not award | | | | without a co- signer as long as your credit scores are |
| a student loan to anyone who does not have a co- | | | | in good to excellent condition. Graduates going on to |
| signer. This is due to the risk the student poses | | | | masters programs can usually find student loans with |
| regarding repayment. | | | | no co- signer. They tend to have more of a credit |
| Most students are just starting out in their education | | | | history. This is not always the case. |
| process. They typically do not have a job in the first | | | | Your other option when it comes to student loans with |
| year of college. They also tend to work part time | | | | no co- signer is the federal government. The federal |
| during college in the following years rather than full time, | | | | government offers the Stafford Loan. They do not |
| since they are attending classes full time. Since these | | | | award the loan based on your credit history. Instead |
| students are beginning their adult life they also do not | | | | they look at the institution you will be attending, your |
| have much of a credit history. It is this lack of credit | | | | degree program, housing needs, and whether your |
| history and paying off loans which concerns the banks. | | | | parents are able to contribute to your education. They |
| They do not know whether you will pay the money | | | | will then decide how much to award you. If you are |
| back once you graduate or not. They are going on | | | | independent on your taxes from your parents you are |
| faith. The risk in this situation for the bank tends to look | | | | able to get the loan without a co- signer through the |
| too high, without a co- signer to back up the student. | | | | Stafford Loan process. |
| This is why the student loans with no co- signer are | | | | |