Is it hard to get a student loan for college without any credit established?
366874
First, of all, the GSL has been obsolete for years.  It's now known as the Federal Stafford loan.  All you need to do to apply for this type of Federal Student Aid is file your FAFSA (http://www.fafsa.ed.gov) and complete any other forms your school requires from you (you will also need to complete a Stafford Loan Promissory Note).  It is important to note that these loans require no credit check (though the will appear on your credit report once you have borrowed it).  \n\nThe same holds true for the Federal Perkins Loan, which would be awarded to you at your school's discretion based on your FAFSA results (Perkins loans are meant to be awarded to the school's neediest students; you can't get one if you show no need at all).  Both of these loans are pretty good, considering they don't even *look* at your credit: Stafford interest rates (beginning with the 06-07 academic year) will be fixed at 6.8% and the Perkins rate has always been fixed at 5%.\n\nShould you need additional funding, you will need to do one of the following:\n\n(a) Have your parents borrow a Federal PLUS loan on your behalf. This loan would be in their name but you would be the recipient of the proceeds.  This is usually the lowest-cost option, since it's the only other Federal Loan that most people are eligible for.  PLUS loans do require a credit check. {Note: if you are a graduate student, you are now allowed to borrow PLUS for *yourself* beginning July 1, 2006.}\n(b) Borrow a private loan with a co-signer who has good credit.  Having a co-signer can help your interest rate substantially but still keeps you as the primary applicant for the loan (though your co-signer is still on the hook if you fail to make your payments on time).\n(c) Look for a private loan that doesn't have very stringent credit criteria.  There are a few out there, but keep in mind that they are much "higher risk" loans, so your interest rate won't be great.  Consider looking for loans based on your job history, perhaps.  \n\nIf you must borrow privately, begin by looking at finaid's list of popular private loan lenders, here: http://www.finaid.org/loans/privatestudentloans.phtml .  Read their credit critera and pick the one that seems the best fit given your situation. \n\nIn the mean time, you are going go need to establish credit, and probably soon.  Research the best ways to build credit, whether it be through a secured credit card (be careful to get one through a legitimate company), a small store credit line (Macy's for example), or a small bank loan.  The longer you wait, the harder it will become.
531566
Don't be depressed -- there are a lot of students in your position who manage to finance their education without grant aid and still achieve success professionally and financially.  You can take out a private loan (focus on private *educational* loans) to cover your educational costs.  If you have someone who is willing to co-sign for you, all the better!  Typically, having a creditworthy co-signer will help you get a lower rate than if you apply on your own.  There are plenty of loans out there that don't require you to have a job history (and, again, even if they do have more stringent criteria, you will generally be OK if you apply with a co-signer who fits those criteria).\n\nFor a list of private education loans, check out www.finaid.org, here:  http://www.finaid.org/loans/privatestudentloans.phtml\n\nOf all of these loans, take a look at Sallie Mae's Signature Loan, which is the most popular private educational loan product out there.  In fact, I don't believe that Sallie Mae has a job history requirement (so this might be perfect for you, particularly since SLMA offers interest rate incentives for students who apply with cosigners).  Citibank is the second largest lender after them and they require either income OR a good credit history.\n\nIs this year-long program done by semester?  If so, most schools will want you to pay once per semester (2x per year), but it will vary.  Check their website or give them a call.  \n\nEDIT: Most lenders will require your school to certify your loan application, at which time they will certify that you are not borrowing more than is allowed.  Usually the maximum that your school will allow you to borrow is based on your overall educational costs -- which typically include tuition, room/board, books/supplies, transportation and and fees (though it is up to the school to decide what they are willing to include).
425488
It all depends on how bad of credit that you really have. It also depends on how much money you make and your work history. It never hurts to just go into a bank or credit union and apply. You might be suprised to find out that you qualify for more than you think. I work for a credit union and we have people all of the time apply for loans and get exactly what they want even without much credit. You have to start getting credit somehow, not to mention $1000 isn't to much of a credit risk for a bank or credit union. If you do get approved, just make sure that your payments are always on time and your loan officer will trust you with more of a credit risk next time. Hope that helps!
1041177
If you have a federal student loan that is in default, you will be ineligible to obtain any type of federal student aid, including grants.  \n\nOther than that, Federal Student Aid tends to be non-credit-based.  The two major federal student loan programs -- Stafford and Perkins -- require no credit check.  In fact, your Financial Aid office is *prohibited* from checking your credit as a condition for receiving this loan.  Most students are awarded a Stafford loan of some sort -- students who show financial need are awarded a Subsidized Stafford Loan, while no-need students will receive an Unsubsidized Stafford Loan. \n\nFederal, state, and institutional grants/scholarships are also non-credit-based (again, with the one stipulation that you not be in default on any student loans).\n\nNow, there are some types of federal student loans that will subject you to a credit check -- specifically PLUS loans --  though, frankly, these credit checks don't tend to be as deep as others.\n\nIf you wish to borrow a private educational loan (i.e. a loan not offered by the federal gov't, state gov't, or by your school), your credit will also be run.  In these instances, it will generally be required that you have good credit OR, at least, that you have a co-signer who does.
1146319
you first need to apply to the school and get accepted before filling out any student loan papers. Once your accepted you also need to have gotten your visa, green card, or whatever or be in the process of getting it. Then apply for student loans and aid. It shouldn't be hard.
312490
If you can, try applying with a co-signer -- even if your lender approves you on your own, they might give you a lower rate just for having a co-signer (example: Sallie Mae).\n\nFor private educational loans, consider the following loans/companies:\n\nSallie Mae Signature Loan: http://www.salliemae.com\nCitibank CitiAssist Loan: http://www.studentloan.com\nBank of America Private Loan: http://www.bankofamerica.com/studentbanking/index.cfm?template=stb_bac_loans\nWells Fargo Collegiate Loan: https://www.wellsfargo.com/wf/student/loans/undergrad/collegiate\nCitizens Bank Undergrad Loans: http://www.citizensbank.com/pf/studentloans/applications/undergraduateloan.aspx [May be harder to qualify for w/o a cosigner.]\nAccess Group Private Loans: http://www.accessgroup.org/loan_terms/General/Eligibility/General_Eligibility.htm?Template=General_EligibilityInfo.htm\nCampus Door: http://www.campusdoor.com [more of a last resort, though they have been known to approve younger students with super-short credit histories]
62803
Do you have a bank that you have any accounts in?  if you do they may be willing to make you a small loan.  Everyone has to start somewhere.   (how can anyone ever get a loan if they didn't have credit?  think about it... Everyone had to have a "first" loan - it's from that point that you will establish if you are trust/creditworthy or not) so don't blow it.  Pay that loan when you do get it. \n\nIf you don't have a bank account - you may need to have a family member co-sign  the loan for you.  You need to be sure to pay the loan off on time and you will be on your way to building a great credit for your future.
1052309
Try Chase. Or capital one. They both gave me credit cards when I had no credit. Then just use them and pay more than the minimum payment (or pay all of it) and it will help establish your credit. You may also think about asking your financial institution. They may have ways to help you as well.
1129780
Um... I'm just attending a state university so it's a bit easier on the wallet.  As for student loans, I don't need it.  I finance my education through credit cards.  Thank goodness for 0% Introductory APR offers for one year!  God Bless America!
144768
The college does not take your money, the government takes it and gives it to the agency that has filed a claim against you. If you have received aid for school and did not pay it back, then there you go. It is legal. It is in the fine print when you apply for student loans.
170300
That depends on the rest of your credit as well.  You might want to get the mortgage BEFORE you get the student loan.  Mortgage companies are a lot stricter than the financial aid companies.  If you get the student loan first, you could hurt your chances of getting the mortgage.  Good luck.
95835
It is possible to get a loan if your credit is bad. If you have a good idea, and your business proposition makes sense you could get private lenders to help you. Private lenders may be more expensive, and sometimes upfront fees apply. Private leneders tend to work with you, regardless of your credit.
185041
I have a ton of thoughts, but one piece of advice that has always helped me. If you go looking for loans and aide and someone tells you no, keep looking, there is always another door to open. If you put your mind to it, you can finance you college career on your own. I did it. I went to a private university at the tune of $28,000 a year and paid for it all on my own through aides and loans. Good luck!
939517
A hard life lesson about why you should NEVER drive without insurance.\n\nYou are going to have a hard time getting basically an unsecured loan for 10 YEARS for 24,000.\n\nYou might be able to qualify for some loans for college expenses by re-enrolling in college and trying to roll some of that cash due into that loan.\n\nI fear you may have to get several sources to lend you the money and then eventually work toward consolidating those loans somehow.\n\nYou also could try a few lenders and then try to continually re-finance them to get a longer term....however this is going to be expensive.\n\nI hope you realize that by financing the $24,000 you will really end up paying $35 to even $40,000.  \n\nWas it really worth not paying a few hundred more dollars to forego insurance?\n\nYou also should try looking at a credit union.  If you already belong to one....try there.  They often have more relaxed lending rules.
1185896
Vist www.nelnet.net. Inquire on the Federal Stafford Loan. That's what I did. I'm 18 with no credit and no cosigner. Mostly everyone is approved.
1162923
In the US fill out your FAFSA form to find out, you will more than likely be able to get a loan, but it won't be great.\n\n\nwww.fafsa.gov
870197
I had really crappy credit and was able to get a student loan.\nStudent loans aren't the same as bank loans, you fill them out along with your federal grant application and they base the award on factors like what year you are in, if you've progressed since the last loan (so you can't be a freshman for five years), if you're making acceptable grades (C average) and your need.\n\nSign up for everything, grants, work study and loans so the loans will be the smallest award since the others will cover the rest of it - and you will have less debt in the end.\n\nAnd turn your car in and cut your losses.