Fed Financial
is there hope?
ok so i need to take out a loan for school but i have no credit, i wanna take out a chase private student loan. my aunt has good credit and shes gonna be my co signer, so she i get approved fo the loan. im gonna take out 8,000
Public Comments
- Why dont you go through FAFSA..I have many of my students go through them. I am preety sure that they dont check your credit to take out loans throught stafford,etc. If anyone knows any different let us know.
- as long as you have a co-signer and if her credit is ok then you should be ok
- I don't recommend having anyone be a co-signer for you. Basically a co-signer is someone the lender can come after in the (highly likely) event that you can't pay back the loan. Should this happen not only will your credit be tarnished, but her good credit will be too. If you don't have the money right now then it might not be the best time to go to school, or you might need to look at a different option that costs less.
- There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most<!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs. http://best-loans.awardspace.com/student-loans.htm Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan-->you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.
