Sometimes students are put into a position where they can't get a private loan to pay for college because of bad credit.
In this case, the only sort of loan available to them is a private trainee loan no cosigner? If you are willing to pay the price, there are abundance of no prestige check trainee funding available if you look colse to online - you just need to know how to find them.
hidden pupil Loan - No Cosigner
Before looking at this type of loan, think the following:
1. You have received the maximum amount of federal trainee loan aid
2. You have exhausted all trainee grant and scholarship options
3. You have a part time job
4. You don't have a cosigner and you have no prestige or bad credit.
If you answered yes to the above, then read on.
There are two types of funding for students you can apply for: federal funding and private loan funding. Federal funding has two distinct loan funding - Perkins and Stafford loan. These loans are no cosigner, no prestige check, deferred loans. In a nutshell that means you get a fantastic deal as a student. Even if you have very bad prestige history, you can still qualify for one of these loans. The interest rate on federal loans is very low as well and it doesn't matter whether you have good prestige or bad credit, all students get the same rate.
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