I wanted to apply for a $10,000 loan from Bank of America Called Education Maximizer. THough in the past Bank of America has turned me down for a Credit Card. THey even turned me down two years ago for a "secured" credit card. Now two years have passed since then and only thing thats changed is that its been two years. I still have TWO UNPAID charge -offs from 2001. THough I maintain a good credit history with my current cards.......What are my chances? I want to just try for the hell of it but dont want to risk a wasted hit on my score. Maybe just go straight for a co-signer. Last time I checked my scores were 620-650 area

Have you ever considered applying through Sallie Mae? Through Sallie Mae you can apply for federal, private, and consolidation loans. I have been using Sallie Mae for the past two years and have been very happy with them...no hassle

Are these the Loans you get directly through the school? I filled out my FAFSA already and do not qualify for any grants. I only qualify for a loan through the school. I believe is called the Stanfford loan. THe problem is since I am a freshman what I get is not enough to cover all my expenses. SO I wanted to go off on my own. That way I get the money and decide how to use it and not have the school telling me what I can and cant do with it.

It is called a STAFFORD loan.

You do not get grants because your EFC or expected family contribution is above the limits

Private loans come with risks. They have higher interest rates and do not have the deferment/forebearances that Stafford Loans offer and the often the companies that hand them out blindly or without much documentation hit you with even higher rates. If you are planning on borrowing them in your freshman year, you obviously have not done much financial planning for college.

I am just plannig on borrowing a lump sump of 10,000 through bank of america intrest rate 5.2%. I am not looking at this as a freshman/sophomore thing. I am simply going for 2 years to get a AS in EMS and a Paramedic Certificate. I will have to pay out of pocket for all my books and uniform not to mention physicals,drug test ext. This is why I wanted to borrow the $10,000 from Bank of America. So from experience...............Co-SIgner or no CO-signer? I have 2 charge offs in 2001 but have kept good credit since though my scores are 620-650

They have private loans as well and I am assuming those do not go through the school.
I only have federal so I can't say for sure but it doesn't hurt to check it out.