Which loans do not need a cosigner?

Loans such as Federal Stafford loans are not based on your credit history. Hence applying for these loans will not require a cosigner for sanctioning your loan.

What kinds of loans are available that will not require a co-signer for funding your education?

Applying for the following options you will end up getting a loan to fund your education without the need to have a cosigner.

• Perform research on Federal Student Loans. Loans such as Stafford and Perkins do not require credit check. Hence the need to have a cosigner for loan application does not arise.
• Make a Free Application for Federal Students Aid (FAFSA). This is an important channel through which government loans are granted to students. These loans are not granted based on the credit score of the individual. Further a FAFSA paves way to qualify for a scholarship grant.
• Applying for Subsidized Stafford Loan will be an ideal option, when you come from a low income category, no credit history and no cosigner to help. You are sure to get this loan. The loan amount though not fairly big enough to cover your educational expenses, it is surely a right start.
• Perkins Loan is specifically meant for those students to who are in a dire need for money to fund their education and who are left with no other option but for Government Funding. Perkins Federal Loans are granted at a interest rate as low as 5% and it also offers longer payback term for the convenience of students, keeping in mind their inability to repay the amount immediately.
• Non-traditional students have more than one option to explore and avail a loan without a credit check. Apart from qualifying for a Stafford and Perkins Loans, they become eligible for scholarships and grants to pursue their further studies. Respective colleges are a good source of information on such scholarships and grants.