College loans for students with bad credit and no cosigner
09 Sep 2010 11:50 GMT
an article on how to get college loans and tuition
Well your child is off to college at least that is the hope. However, after you have looked into the cost of college tuition, the reality sets in and the stress of how to pay for college comes to mind. Depending on your situation college loans are the best bet accept for the fact that today, the economy is so bad that many parents are struggling and have gotten behind on the bills or have lost their job making it difficult to even consider cosigning college loans for students and there may not be a lender that would consider them a good cosigner anyway, so where can you get college loans for students with bad credit and no cosigner?
This is not a simple task, however, thanks to some government programs available and with the help of the college or university that the college loan is for, there are some college loans for students with bad credit and no cosigner available if you know where and how to research these options.
One of the ways you may be able to receive some help to get college loans for students with bad credit is if the student themselves have excelled in academics and have maintained a high grade point average (GPA). This sometimes gives the college or university the leverage they need to offer a scholarship, additional grants, work study or in some cases, can even establish the fact to the lender, that although this is a college loan for a student with bad credit and no cosigner, the probability the student would attend college and receive their degree is very high. This will sometimes establish the probability that the student will graduate and use the education to start a career enabling him or her to pay off the college loans, even though at the time the college student had bad credit and no cosigner
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