Credit Repair

Is It Possible To Obtain A Student Loan Without A Co-Signer Or Without Any Credit History?

Not everybody is fortunate enough to have a credit history (let alone a good one) or to have a co-signer. But, it does not mean that such people cannot qualify for a student loan. There are several options available out there that can help you get a student loan without a co-signer or without any credit history. It is just that the options are very limited and that the process requires you to do an in-depth research. Following are some tips and suggestions that you may find useful in this regard.

Federal Student Loans

You can start by exploring your options available in federal student loan programs. In general, your options will be limited to federal based loans, such as Perkins loans and Stafford loans. The best thing about these loan programs is that none of them require you to possess good credit. In fact, your credit score is not checked at all. That is the reason why they are sometimes also referred to as no-credit loans. The Perkins loans usually make a better choice as compared to Stafford loans because they charge lower interest rate and offer you a longer repayment period. Usually, the interest rate on Perkins loans is not more than five percent, but the rate may vary. These loans are designated for those students who need financial aid more than others. Here, it is also important to note that students with exceptional talent can qualify for some better options also.


When it comes to getting a student loan without a co-signer or without any credit history, FAFSA makes another great option. FAFSA stands for Free Application for Federal Student Aid. It is an integral component to secure government loans. You can fill out this free application form, as this way, you will be able to put yourself on a track not only to secure grant money (if you are eligible) but to receive student loans.

Subsidized Stafford loan

If you are a needy student with low income and no co-signer, you may also qualify for subsidized Stafford loan. The amount of loan is usually very small but it can still be a workable option especially when there are no other alternatives available to you.

You can also contact with your school or college authorities to find out if there are more options available to you. In some cases, you do not even need a student loan, especially when you qualify for grants and scholarships. Therefore, you are advised that if you need money to finance your education, you should first try to explore if you are eligible to receive certain grants or scholarships. If not, you can always use the above options to obtain a student loan without a co-signer or without any credit history.

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