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> without a cosigner
a lone student
post Jun 9 2009, 06:04 PM
Post #1


Group: Newbies
Posts: 2
Joined: 9-June 09
Member No.: 95,572
Hello,

First of all I'm new to the forums and I want to thank those who take the time to help.

I receive a decent scholarship from a collection of school, state, and federal grants. However, I still need to take out at least 10k in loans for the 09-10 year. I could ask my parents to cosign but they are currently in the process of renovating their business and a lot of their money goes towards that. I heard that if a student takes out a loan without a cosigner that the rates are way higher. I have a very good credit history and I'm in good standing with the university. What would you recommend? Should I just forget about trying to help my parents and ask them to cosign or are there other options for students with good credentials. Ideally, I would like my parents to concentrate on their business rather than lose sleep over my bills.

Thanks.
 
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Googie
post Jun 9 2009, 06:04 PM
Post #
The MoneyMaker

Group: Accounting
Posts: One in Every Topic
Joined: 1-February 03
From: Mountain Home, CA Member No.: 1


 
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johnnyt6
post Jun 10 2009, 01:44 AM
Post #2


Group: Members
Posts: 2,074
Joined: 11-July 07
Member No.: 54,065
did you try wells fargo connection loan?


IPB

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Bank of America & Alliant CU are SUBPRIME DON'T waste your time with them
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QUOTE (sherman_must_die @ Jun 17 2009, 10:06 PM) *
BOA is worthless to me at this point. I've always PIF. It will just be collecting dust since it is my lowest CL.
 
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LynnInMN
post Jun 10 2009, 07:07 AM
Post #3


Group: Members
Posts: 4,206
Joined: 31-December 04
From: Naples, Florida
Member No.: 11,332
Have you done a FAFSA yet for federal aid? Maxed out your federal loans?


IPB

Lynn
Ex-Student Loan Collector FFLEP & USDE
Ex Financial Aid Officer

Minnesotan escaped to Florida!
 
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a lone student
post Jun 10 2009, 09:04 PM
Post #4


Group: Newbies
Posts: 2
Joined: 9-June 09
Member No.: 95,572
I completed my FAFSA and got several thousand in various Federal money including loans.

I took a look at the Wells Fargo loan and it seems suitable. I'm sent an email to them with several questions.

In general, after they are satisfied with my info and background check, does it take long to get a loan? In other words is getting a loan of more than 10k going to take a while?

Thanks,
 
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