No Cosigner Student Loans

no cosinger loansNo cosigner student loans are available for students who have an established credit record with a good credit score. It is uncommon for students to qualify for private student loans without a cosigner, as most students lack a good credit score or have no credit history. Students who do not have an established and strong credit history generally will not be able to receive private no cosigner student loans due to the recent recession and stricter lending policies. There are, however, a few ways for a student to find a student loan without needing a cosigner.

What are the different types?

Certain federal student loans can be considered no cosigner student loans. Federal loans are approved based on a variety of factors, like financial need, but not on credit  history or lack of one; this means that a student with weak or no credit  history can receive federal loans. There are a few federal loans that a student can receive, two of which are Direct Subsidized loans and Perkins loans. These loans have low interest rates and flexible repayment terms. Federal Stafford loans can be subsidized or unsubsidized. Direct Subsidized loans are awarded based on financial need, as the government pays the interest on these loans while the student is in school. You do not have to demonstrate financial need to qualify for a Direct Unsubsidized loan, but you will be responsible  for the interest accrued while you are in school.  Perkins loans are also subsidized, but you need to demonstrate “exceptional” financial need to qualify for one. It is really hard to find no cosigner student loans privately.


Students who qualify for and receive no cosigner student loans will continue to build their credit history and allow them an opportunity to receive  other types of loans for future purchases. These student loans help students achieve their educational and professional goals.

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Types of Student Loans