Saturday, October 31, 2009

How can i get a student loan for school supplies and books with bad credit and no cosigner?

You won't be able to get a private loan but you can still get a federal loan. Federal loans are better anyways because they have lower interest rates. And any money leftover from a federal loan that is not applied towards your tuition can be used to get books and school supplies.



Here's what you need to do to get a federal loan:



1) Fill out the FAFSA. This will determine if you are eligible for financial aid. Go here:



http://www.fafsa.ed.gov/



2) Once you are eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it. For more info go here:



http://www.studentfinancedomain.com/stud...



3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here:



http://www.studentfinancedomain.com/stud...



4) You can also try to get a grant or scholarship, which is free money that you won't have to pay back. You can read about them here:



http://www.studentfinancedomain.com/fina...



And here are some good sites to check out:



http://www.fedmoney.org/



http://www.findtuition.com/scholarships/



http://apps.collegeboard.com/cbsearch_ss...



http://www.freegovmoney.net/



http://www.educationplanner.com/educatio...



http://www.studentawards.com/



http://www.college-scholarships.com/



Good luck!

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