Easy access to student loans without credit history and co-signer

Is your dream of pursuing a professional course being destroyed because of unavailability of loan? Absence of co-signer and credit history must be stopping you from applying for loan. Well, you can get a loan even at this condition; the only thing is that your options will get minimized.

The tips mentioned below will help you to get easy access to loans:

• Search for federal student loans as most of them do not require a credit check.
• Do remember to fill up the free application for Federal Student Aid (FAFSA). FAFSA will help you in receiving loans as it is an integral part of securing government loans.
• One can also apply for Stafford loans which are specially designed for needy students. It is perfect for those who don’t have a co-signer, credit history and at the same time belong to low-income strata. However, the amount granted may be small but at least you will be able to kick off your study.
• Similarly, Perkins loans are designed for students who are in great financial need. The best part of this loan is that the interest rate is only 5% and also the repayment terms are longer than that of Stafford loans.
• Non-traditional students only qualify for Stafford or Perkins loans but at the same time there are many grants and scholarships available. One can use them to complete his/her education.

Thus, you can get loans to complete your studies and pursue for other professional courses. You have fewer options but still you can utilize them to the fullest. There are private loans available but it is better if you keep them as the last resort.