Consolidating private loans without a cosigner
The eligibility criteria for federally-funded loans is simple and awards are need-based.All you have to do is fill out a FAFSA application and submit it online at gov.If you do not want to apply for private student loans, you always have the option of seeking federal aid.Federal student aid comprises of student loans, grants, and work-study programs.No matter what the financial circumstances of those students are, they are eligible for federal loans based upon need only.While I was reading about what banks offer student loans without a co-signer, I came across the option of a grant. Grants are more like monetary gifts or scholarships.They do not have to be paid back and are utilized to cover educational expenses such as tuition fees, books, room and board expenses, etc.Grants are offered by the federal government and by a number of privately run agencies.
Federal student loans are not based on credit, but on the borrower’s desire to receive financial aid.
Can you give me some detail on how to get a student loan without a co-signer or credit check?
You can apply for federal loans such as the Perkins loan, Stafford loan, Grad PLUS loan, and the Parent PLUS loan.
While this is understandable from the lender point of view, it can sometimes cause problems for the student borrower if you cannot find a co-signer with a good credit history.
Do not worry, though, because there are some student loans out there that are offered to students who do not have a co-signer.