Get Student Loans Without Cosigner

Do you want to know how to get student loans without cosigner? The Federal Government provides student loans without a cosigner through a program called DirectLoans. Follow these steps to get federal student loans, with no cosigner required.

You will need:

• A computer
• Access to your personal and financial records
• Acceptance to an eligible college or university

1. Fill out the Free Application for Federal Student Aid (FAFSA). You can do this online at fafsa.web.edu.gov, or you can request a paper copy of the application. When you fill out the FAFSA, the government will provide you with an "award package," which can include both subsidized (for students with demonstrated financial need) and unsubsidized loans (not based on financial need).
2.  After you fill out the FAFSA, the school will tell you how much you may borrow, and what types of loans. Since direct federal loans for students are not based on credit history, you will not need a cosigner. However, if you are a dependent minor you will need to provide your parent's financial information, since this will be taken into account.
3. When you receive this award letter, you can accept the loan, decline the loan, or request a lower loan amount. Since you will not have a cosigner, you should keep in mind that you will be solely responsible for making the payments after you graduate when making this decision.
4. If you accept the loan, you are required to complete entrance counseling. This may be done in person at your school, or some schools allow you to do so online.  You must then sign a master promissory note, a legal document in which you promise to pay your loan back.  You will not have a cosigner, so this document is legally binding to you alone.