Senin, 13 Oktober 2014
No Co-Signer Student Loans- Yes, They Do Exist!
Have you felt frustrated and alone at the thought of getting a student loan without a cosigner? Well, frustrating might be something we can help with in this article, and getting a student loan without a cosigner is definitely something we can help with in this article. If you are reading this, then chances are you have experienced at least one of the following situations: - You have been to a bank and asked about student loans. - You have applied for a student loan and have been denied. - You have asked someone to cosign a loan for you and have been refused. - You have looked at the amount you need for schooling, and panicked just a bit. - You have decided that working while going to school is too much pressure. Fear not- you are not the only one to feel this way. Believe it or not, but even in this harsh economy, there are still student loans with no cosigners out there- you just have to know where to look. Fortunately, you came to the right place! Here are some good options to consider when looking fro no co-signer student loans: - Unsubsidized Stafford Loan: If you have read even 3 articles of this nature, then you have probably seen this loan and the two that follow it mentioned every single time. There is a reason for that. Stafford Loans are federally funded which means they have low interest rates, chances for payment deferment in times of struggles after graduation, and are student loans without cosigners. - Subsidized Stafford Loans: These loans are even better than the unsubsidized version because the interest rates are federally subsidized which makes the payments lower. - Perkins Loans: This is another government option for college loans with no cosigner. They don't pay out much and have a cap on their yearly and overall payouts. - CFS Student Loan: Collegiate Funding Services is meant to help students just like you get the money they need to be trained for their lucrative career. It is no longer called the CFS as they were bought out by Chase Bank- but if you go to any Chase Bank personal banker and ask for information about the CFS, they will know what you are talking about and can get you enrolled in the program they now manage under a new name. In most cases, this is a student loan with no cosigner. - Alternative Education Student Loans: If you are looking to get your degree through means other than the traditional classroom day time schedule, then there are some private loans available for those situations. The reason for this is that most people who are looking for alternative means of education are usually employed- which makes it hard for them to take regular classes. This means they have a current means of income and thus, a current means of paying down the college loan with no cosigner. These alternative means include: -- Night Classes -- NiOnline Classes -- Block Classes -- Correspondant Classes - Nelnet Student Loan: This is not one we highly recommend as it can get risky and the interest rates are high. However, if you are turned down for the government programs and are desperate for a student loan with no cosigner, then you may want to look into a Nelnet student loan. - ROTC: This is an army training program. They will pay for some, most or all of your schooling depending on your area of study, the cost of the program, and the commitment you make to the Army. If you have ever considered a stint of military service, then look into your local ROTC programs and see what benefits they can provide for you to help you through school. The training and discipline you receive is sure to help you in any career you have planned out, and many of the commitments are 3 years. It will take longer than that for you to get through school. Military service looks great on any resume, and if you can get all of those benefits plus a free ride through school, that seems like a win win situation. - TGSL: This is not available to all students. It is the Texas Guaranteed Student Loan, so clearly it is meant for students attending college in Texas. There are many amazing institutions of higher learning in Texas, and if you have been considering attending any of them, then this is a loan program to look into. It is a college loan with no cosigner or credit checks. - Medical Program Assistance: The medical field is in need of new blood. If you are going into any line of study connected with the medical field, then there are many student loan programs built around the specific needs of medical students. Many of these loans are student loans with no cosigner. If you are going into any of these fields, then there could very well be a no cosigner student loan available for you: -- Doctor or Surgeon -- Nurse -- Midwife or Doula -- Anesthesiologist -- Veterinarian -- Phlebotomist -- Lab Technician -- Dentist or Orthodontist - School Sponsored Programs: Some colleges have programs set up where they will hire you to work on campus, and then instead of giving you a paycheck, they will credit the amount to your tuition amount. Many of these programs include a meal program as well. This is a very different kind of student loan program, but it can be very beneficial, and is a college loan with no cosigner. If a program like this is not set up at your school, then you may want to consider starting one up. Talk to the powers that be and see what can be arranged. If your proposal works out, imagine how many students will hail you as a hero for finding them a way to get a student loan with no cosigner.