How can I get a personal loan for school if I have bad credit and no co-signer?

logan l asked:


*I am aware of Fafsa and loans that go directly to the school….but I am more looking for loans to cover the costs of living and whatnot.

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Tags: Bad Credit, Fafsa, Loans

This entry was posted on Tuesday, May 19th, 2009 at 4:02 pm and is filed under Personal Loans. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “How can I get a personal loan for school if I have bad credit and no co-signer?”

1. Big T Says:
   May 21st, 2009 at 6:45 am

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   You can try and apply with the school for a stafford loan. It is basically a government guaranteed loan. That means if you end up filing for bankruptcy at any point, you would still owe the money on this loan. Usually you can get approved with bad credit. If you can not get a stafford loan you are pretty much out of luck.

   You may have to get a second job and pay as you go.

   Good Luck!!

2. Missy Says:
   May 22nd, 2009 at 3:41 am

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   You can’t.

   Look into Federal Pell Grants.

   ***Ummm….what you don’t use of the grants for classes, you can use for personal expenses. Otherwise, get a job.***

3. bud68 Says:
   May 23rd, 2009 at 5:53 pm

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   You’re not going to get a “personal loan.” You may be able to det educational loans.

4. Brother Otter Says:
   May 24th, 2009 at 3:21 pm

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   I had to borrow money to finish my last semester. I took out a loan against my car.

   Bad credit usually means poor money handling skills. You’ll want to get that fixed before you borrow more money or you’ll get into even more trouble. A personal loan will have payments due immediately; no deferral. You’ll have to have a steady job to make those payments. If you’ve got a job then you may not need to borrow money. If you don’t have a job then don’t be taking out a loan that you can’t make payments on.

   Have you talked to the Financial Aid department about stuff like Work Study or other jobs on campus?

   ********
   BTW - do yourself a favor and REPORT any SPAM/scam responses you get from online ‘lenders’. Nobody reputable would use a generic email address (like yahoo or gmail or live) to conduct financial business.