Is it Possible to Get Student Loans Without a Cosigner?

General opinion claims that to acquire student loans- Stafford Student Loan (Subsidized): The
for studying abroad or otherwise, one needs agovernment pays the interest during the time the
cosigner. A cosigner is a type of guarantor who signsstudent undergoes education. Loan disbursal is
the documents of loans and guarantees that the loancompletely need based. Other requirements include
amount will be returned after the stipulated time.US citizenship and have to be a full time or half time
Sometimes it gets difficult for a deserving student tograduate or under-graduate student. The time limit to
avail loans due to non-availability of cosigners. But,return the loan is 10 years and no credit check is
these days, government has made policies torequired at the beginning.
disperse student loans without cosigners and without- Perkins Loan: The student needs to prove that he
any credit checks.she is in dire need of student loans. Available to both
Ways for Loans without Cosignergraduate and undergraduate students, the amount
- Parent Loan for Undergraduate Students: The PLUSneeds to be repaid to the authority within 10 years.
loans are for parents who can obtain hundredBut, if you are a drop out, enrolled in the military or
percent of the education cost amount to fund thepart-time school, the time frame reduces to 9 years.
child's undergraduate studies.The interest charged is fixed and low. In certain
- Stafford Student Loans (Unsubsidized): The loansituations, the loan can be waived if you are in
process does not require any credit check. Themilitary service, work in non-profit organizations,
student has to pay the interest on the loan evenemployed in special law enforcement positions or
during the education period. It is non-based and thespecified teaching jobs.
student should be a US citizen undergoing aGet further details from their websites and always
graduation or under-graduation course.apply early.