Getting Easy Student Loans – No Cosigner Needed

Most college students have to seek out student loans in order to pay for school. Easy student loans – no cosigner needed – are the most sought after type of loan out there because unfortunately not all college students are able to get approved for the money they need. This is because many loans require cosigners, and some students don’t have parents, other relatives, or friends who are willing or able to sign off on loans for them. In spite of the fact that the Wall Street Journal recently reported that student loan debt is higher now than credit card debt, there are still many students who can’t get loans for school because of cosigner requirements.

Government Options

College students who find themselves in a predicament where they need a cosigner but cannot find one should do a little digging for student loans not requiring cosigners. Loans like this do actually exist, and many are offered by the government, which is considered by many to be the best place to get a student loan. A great example of government loans is the Federal Perkins Student Loan program. Students are often able to obtain approval for the Perkins loan without cosigners. Another bonus is that the Perkins loan generally comes with very low interest rates.

Online Student Loans

There are some lenders who offer easy student loans – no cosigner needed – online. Applying is quick and easy and only a few important documents are needed to get the loan process started. In spite of the ease, online signature loans should be checked out carefully for legitimacy by those who apply. Identity theft is always a concern when information is transmitted over the computer.

Financial Aid

Prospective college students shouldn’t rule out financial aid as an alternative to student loans. Keeping grades up and working hard during school helps to ensure that financial aid and scholarships will be granted. There are several different organizations offering financial aid in addition to the government, and it’s well worth taking the time to apply because approval is a possibility.