Want to go to college but your savings are just not enough? Do you ever consider getting a scholarship grants or a federal loans. How about a private college loan? If you answer yes to all the questions mentioned, well you deserve a pat on the back. It only means that you are concerned about your future that’s why you want to go to college.One of the many reasons why people decide on not to continue their college education is because they can’t afford the college expenses – tuition fees, board and lodging, books, miscellaneous and more. Good thing there are ways on how a person can continue their dreams and enter to a good school for college.The truth is most lenders and creditors would require borrowers to have a co-signer before they would grant the loan. One of the requirements of a co-signer is a good credit record. Nevertheless, there are student loans that do not require a co-signer. They may be hard to find but still is possible.Why do they require a co-signer?Creditors and lenders often require a co-signer with a good credit standing because they want to make sure that the money they lend will be paid.The thing is, only private student loans can oblige you to have co-signers. Federal student loans do not require such. This includes the Stafford Loan. The advantage of this loan is that they have much lower interest rates, more flexible repayment terms. So if you greatly need a loan, fill out the FAFSA form or the Free Application for Federal Student Aid for obtaining student loans. FAFSA is your gateway for Federal Loans. Hopefully you’ll get approved of federal loans like a Stafford loan or Perkins loans because they are more advantageous for borrowers. Most students go for Stafford loans. There are two types of Stafford Loans, subsidized and unsubsidized. Subsidized Stafford Loans are need-based loans, even if your income falls into the minimum wage or no credit or a co signer, then this loan is the right one for you.Perkins Loans, on the other hand, doesn’t require credit check. These loans are usually for the student that has exceptional financial need. Besides federal loans like Stafford and Perkins, there are scholarship and grants available for students who want to enter college.Unlike federal loans, private student loans are sterner and more often than not requires credit check or co-signer. If you have a good credit record and a high interest rate append on your loan, you can still take advantage of a person loan even with no co-signers.There are numerous ways on how to get a student loan even with no co-signer. You just have to be resourceful and know where to look. Since Federal Loans are accessible to anyone, see if you can take advantage of it first before you go for a higher rate loans. Bottom Line: Before you sign up for any loans, be sure that you understand the terms included and take your responsibility seriously. Study hard, land a good job and repay your debts on time.
