Getting Student Loans without a Cosigner

Depending on your credit history and the type of loans you apply for, you may be eligible for student loans without a cosigner. These loans allow you to claim full responsibility for repaying your education debts without seeking help from a friend or family member.

Federal Student Loans

Federal student loans don’t require a cosigner or any type of income verification. In order to apply for federal education loans, you must fill out a Free Application for Federal Student Aid (FAFSA) on the U.S. Department of Education’s website. Your school’s financial aid department will then notify you of your loan eligibility. Federal student loans have yearly borrowing limits but can be continually renewed until you either graduate from college or drop below half-time attendance.

Good Credit Can Help You Get Private Loans

When you apply for a private student loan, your lender will pull your credit report and evaluate your income. With good credit and a steady job, you should be able to qualify for a private student loan without asking a loved one to cosign for you.

Opt for a Secured Student Loan

If you’re willing to put up your personal property as collateral, less-than-perfect credit or the lack of a credit history altogether may not be an issue to your lender. Secured student loans rarely require cosigners since the lender knows that if you stop making payments on your student loan, it has the right to seize your property as payment.


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