if he has verifyable employment and over 18 he can apply for a loan as independant student living on his own (even if he lives at home)
Found-1 Said,
If his credit history is limited, any private student loan he would apply for would require a cosigner. Best go to a cheaper school where the max amounts for federal loans cover all the cost.
LesChatNoir Said,
Yes, he can. Try to open a secured credit card for him. Maybe he can use it to pay for gas and you can pay it in full every month. He could also try applying as a student for a store card, like Target or Express just to build some credit.
SA Said,
Ususally he’s going to need a co-signer if he’s got limited credit history. Even if they do approve him for alternative student loans, they’ll stick the interest very high because he’s young.
Holly Said,
Government loans are based on need. Private loans, the ones you are speaking of, are available based on credit. If your son has credit (and sometimes if he doesn’t, as they are called student loans for a reason), he would be able to. They may ask for a cosigner if he has no or bad credit.
Advise King Said,
Yes he can. I had many students students get it done. The best places to go and get it done would be salliemae.com or ask if the university he will be attending has any working relationship with a lender and go thru the lender they have a working relationship with because he will get preferential treatment
No he would need your co-sign as a father
Absolutly!
if he has verifyable employment and over 18 he can apply for a loan as independant student living on his own (even if he lives at home)
If his credit history is limited, any private student loan he would apply for would require a cosigner. Best go to a cheaper school where the max amounts for federal loans cover all the cost.
Yes, he can. Try to open a secured credit card for him. Maybe he can use it to pay for gas and you can pay it in full every month. He could also try applying as a student for a store card, like Target or Express just to build some credit.
Ususally he’s going to need a co-signer if he’s got limited credit history. Even if they do approve him for alternative student loans, they’ll stick the interest very high because he’s young.
Government loans are based on need. Private loans, the ones you are speaking of, are available based on credit. If your son has credit (and sometimes if he doesn’t, as they are called student loans for a reason), he would be able to. They may ask for a cosigner if he has no or bad credit.
Yes he can. I had many students students get it done. The best places to go and get it done would be salliemae.com or ask if the university he will be attending has any working relationship with a lender and go thru the lender they have a working relationship with because he will get preferential treatment
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