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Need student loan, please help?!?
I'm a U.S citizen and have been attending a university in the U.K. I only have 6 months of school left, however, I cannot find funds for the rest of my education. I have already applied funding from FAFSA and a Federal loan, however, this doesn't make a dint in the money I still need and my mother is a waitress, so she cannot help me by any means with funding no can other relatives.
My loans until now have come from Sallie Mae, however, my usual cosigner has been denied my recent application and everyone else I know has refused or has been denied. I have no credit history due to the fact that I came here to start college three weeks after I finished high school. I just want to finish my degree and I ask that only serious answers be given.
I need a loan company that will provide funds for a US citizen studying abroad.
5 Answers
- WoelfeLv 41 decade agoFavorite Answer
I sympathize with your position. Currently there have been a lot of issues in the education loan market with companies securing funds to do loans and as a result it is impacting the credit requirements (making it tougher) for borrowers to be approved. Have you tried applying on your own without a co-signer, or is it automatically required because you are borrowing out of the country? The best course of action would be for your co-signers to find out why they are being denied now, and request a free credit report and see if they can fix any issues that are coming up on the credit report.
You can look into different lenders such as Campus Door, Citibank, Chase, etc.. but you will likely run into similar problems with those companies as well. Get to the root of the problem and see if it can be fixed first.
- 1 decade ago
Private student loans are unsecured loans, so a creditworthy co-signer is required by most, if not all, lenders.
One suggestion is to find a lender who offers a "co-signer release" option to encourage people to co-sign your loan. This release means that once a specific number of consecutive on-time payments have been made to start paying back the loan, the co-signer's name comes off the loan documents and he or she would no longer be responsible for the loan. Being a co-signer on a student loan is not forever, as long as payments are made as required.
The benefit of a co-signer release is that it helps you qualify for the loans you need, as well as build up your own good credit history. For the co-signer, he or she is "off the hook," so to speak, and not on there for the life of the loan as long as repayment requirements are met.
- Anonymous6 years ago
LEGIT LOANS 2015
They offer all kinds of loans and at an affordable interest rate too to both local and internationally borrowers. It will do you lots of good to email them as soon as possible via chryslerfinance@hotmail.com
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- 1 decade ago
look into other lenders than sallie mae, like citibank!! they may help you! there is no reason why you cannot get a loan! however, you will not!! get amount hoped for because of the current loan crisis in nation due to so many fools not paying loans back! this makes it harder for the good students to get money! good luck!
