Are you thinking about stopping your studies just because your parents have bad credit ? Is it a fact that your parents having hard time meeting your educational expenses? If the answer is positive to any of the above questions then it is time when you must start thinking about getting a student loan to complete your studies.  I am sure you already have started looking at what loans are available in market. The most difficult part about getting a student loan is finding a cosigner.  Almost 50% of all students who need loans for their studies do not apply for a loan simply because they can’t find a willing cosigner.  Not being able to complete studies because you can’t find a cosigner to guarantee the student loan is unfortunate.

Some institutions have moved forward to help such students. They are now offering easy loans for students without the requirement of a cosigner. these are called no-cosigner student loans. They are another form of no credit check student loans.


Just because you have no credit history does not mean that you can not apply to get  student loan. There are not many institutions that provide such loans but they do exist and all you have to do is to reach out to them.  These institutions provide you assistance to help you complete your study without worrying about money.  These are also called Federal student loans.

Under Federal student loan program,  students or their parents are provided with financial assistance and loans to help them complete higher and secondary education without requiring a cosigner.

There are some other programs like  Federal Stafford Loans and Perkins student loans. These programs provide easy student loans for bright students who meet the criteria to get the student loan with out cosigner.

Main criteria to get a student loan with out cosigner is that the applicant should be a traditional student and should have no credit history.  Normally these loans are obtained by students without a credit history as well as those whose parents have bad credit due to financial difficulties.


I have listed below Steps and Instructions on how to get student loans if you have no credit history.

  1. Complete your research about federal student loans.
  2. Make sure you are a traditional student and do not qualify for a credit check.
  3. Applying  is the most important step to secure a no cosigner student loan. Just fill the Free Application for Federal Student Aid (FAFSA). This is way to go internal part of loan. It will help you to not only to get loans but also secure grant money if applicable. To fill this form you need your parent’s income tax return and if you worked then your’s and some other information you have to provide.
  4. When you are applying for Stafford loans, it would be either subsidized or unsubsidized depending on who is going to pay the interest when you are a student. The sanctioned amount is very low and this is for needy students.
  5. Perkins loans are designed for those students who are in highest financial need. It has 5% interest rate and longer payable term.

For non-traditional students

  • There are many more options that are available other than Stafford loans and Perkins loans as these loans are only available to limited number of people each year. Non traditional students can go for the scholarships and grants which are available for them.
  • A discussion with student loan counselor will always be fruitful.
  • Fill the FAFSA Application forms anyways. Government may be able to provide scholarships and grants at your way of education.
  • Getting  gift aids is also a good option that does not require repayment on the part of borrower and doesn’t require any cosigner.
  • Consulting with your college for more details or options available for you regarding no cosigner loans.

Advantages of no cosigner loans

No cosigner loans have many advantages over normal student loans.

  1. These loans normally do not require any co signer
  2. The interest on no cosigner student loans is tax-deductible.
  3. You enjoy industry’s lowest interest rates
  4. Repayment period  can be extended up to 30 years through student loan consolidation.
  5. There is a big chance that your debt will be postponed, or even forgiven

For all the above reasons, you shall act now and save your dream of completing your studies. Do not hesitate and fulfill your dream of higher education and increased income with a student loan.

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Rana Mansoor Akbar Khan

Rana Mansoor Akbar Khan

Financial Blogger. Tech Journalist. Freelance web developer.


  1. Vincent A. Rivers Jr.
    April 9, 2009 at 1:48 pm

    Would like to see about getting a student loan without a co-signer, if someone could contact me that would be great.

    Thank you,
    Vincent Rivers

  2. Shanall Cooke
    May 4, 2009 at 11:51 pm

    I’ve always wanted to become a commercial aircraft pilot. At the moment im trying very hard to find a way to fund my tuition. I really would like some assistance to get a student loan to make my dream become reality. I would be so grateful for ur assistant.

    Thank You!

  3. josh
    May 22, 2009 at 8:49 pm

    impossible to go to college with out a co-signer. we should probably just kill ourselves

  4. August 19, 2009 at 10:13 am

    Dear sir. i need student loan.i m from pakistan.please inform me.

  5. Sharonda
    August 25, 2009 at 6:04 pm

    I’am in desperate need of a co-signer for a student loan. No one in my family has been able to qualify as a co-signer for me. I am packed and ready to go. My financial aid is not enough for me to attend. Are there any other options?

    September 10, 2009 at 5:12 pm

    pls i need a student loan but i dont have any family member that can stand as a co signer,pls help me.

  7. Linda
    December 14, 2009 at 10:43 am

    Education loans fall into two categories, Federal education and Private education loans. When a student is considering consolidation it is important to keep these categories separated. The method for calculating consolidation interest rates for federal education loans are strictly regulated by the government.

  8. July 11, 2011 at 6:35 am

    do you need a loan if yes contact us via email