People who are intelligent and who now for sure!! Answer only!!?

Question

is there anyway for a college student who has not earned any credit yet, to get a loan without co-signer or what is a for sure way to get help financially. i live in a close minded city where the employers are very racist and picky, so getting a job is harder than anything else i have ever tried to do. i have no credit but i am a college student with decent grades. i have applied for many scholarships and have not had a chance to win 1. i am in need of any help. i want to give up so bad but i know there is a way somewhere out there. please help with any advice that you have that is accurate and for sure to help me. i have 10.00 dollars to my name and i am in the deepest hole of my life with a family who is most uncaring. all i ask is for some advice from a kind heart.

Answer 1

If you are a college student, you are guarenteed a loan. Go to the schools financial aid office immediately.

Answer 2

Kiddo: I'm sorry to hear of your financial and personal problems, and I wish you all the best of luck in getting those all resolved quickly. Let me help by giving you some straight answers about your questions. I'm hoping that you're looking for "straight answers" and not for answers that will give you false hope.

The only legitimate and reliable source of "no credit" money for education is the federal government. You might be surprised to know that our government is actually quite generous with their money when it comes to helping the people of this country get a higher education. See - the better educated the people, the better jobs they can qualify for, the more money they'll make, and the better the economy will be.

The government realizes that college students do not qualify for "conventional" lending. Why? Because conventional lenders evaluate your credit risk before they will lend you money. They look at your income to make sure you can pay the loan back, and they look at your credit history, for evidence that you will be diligent in repaying the money you're asking for. Most college students have little or no income and little or no credit history, so most college students will be rejected for conventional loans.

The government makes all of those traditional concerns go away. They go to the lenders and they say "If you lend to college students, as a favor to the US government, we will guarantee that these loans are repaid. If the student doesn't pay the loan, we'll pay the loan for them." Obviously, lenders love that idea, so they open up their purses to college students under a program known as the Stafford Loan program.

YOU DO NOT NEED AN INCOME OR A CREDIT HISTORY TO BE APPROVED FOR A STAFFORD LOAN. In fact, you can have HORRENDOUS credit and you will still be approved for a Stafford loan.

You apply for a Stafford loan by completing the US Department of Education's official aid application - it's called the FAFSA, which stands for Free Application for Federal Student Assistance. When you complete the FAFSA, you'll tell the government all about your financial circumstances - right now, obviously, you'll be telling them just how awful your situation is. They'll evaluate that information and come up with something called an EFC (Expected Family Contribution), and they'll send that EFC to your college.

When the financial aid office at your college receives the EFC, they will look at all the different kinds of financial assistance that are available to them, and they will match your EFC with all of these programs to see just how much financial aid they can qualify you for. If your circumstances are as poor as you've explained, you will be eligible for many kinds of aid, including one or more types of government grant - free money from the US government that you will never have to pay back. You will also be qualifed for Stafford loans, and maybe for a work-study program, that pays you money for a part-time job while you're in school.

That's the good news - so you must, immediately, complete a FAFSA form, so the government can begin helping you with your dream of a college education.

Now for the bad news. Legitimate private (non-governmental) lenders will NOT lend money to applicants with no income and little or no credit history. You may find people who claim that they can do this for you, but you'll want to steer far clear of these people, because legitimate lenders just will not make these kinds of loans.

Lending is a risky business - every time you give someone a loan, there is no guarantee that they will pay you back. That's why lenders need as much evidence as they can possibly gather that supports the idea that YOU will actually repay the loan. That evidence is current income and credit history.

A nice smile, good grades, bad luck and misfortune are not evidence that you will pay your loan back - so, in effect, you're asking a total stranger to "trust me". Legitimate lenders just can not afford to do business this way. "Trust me" is the last word that most lenders hear when a bad borrower walks away from his/her loan, and the last word that lenders hear when they go out of business because they've made too many bad loans.

If people respond to this question with websites that promise to help you qualify for a no-credit loan, ignore them. They're holding out false hope, and most are trying to lure you to fraudulent sites that will steal what little money you have left. College loan scams are a major form of modern day identity theft, too.

Complete the FAFSA, and see what the federal government can do for you. As I said - they want to see you get your education, and they'll help you as best as they possibly can. I've attached a link to a helpful government publication, and to the FAFSA website. I hope this is the kind of information you were looking for.

Honestly - best of luck to you!

Answer 3

honestly you dont want to get into debt .. u just mentioned its hard to find a job .. so y get a loan you cant pay. have u tried finaicial aid or contacting u local gov job help or anything that should honestly not be a choice...student loans have such high intrest and are expensive. you seem like a smart girl keep applying.. i know the job market is horrible right now (are ur interview skills and resume up to par?)  use the fact that u are in school as a way of getting a job .. it shows determination ... girl i know how u feel ..... but u can do it with out a loan!!!

Answer 4

You may not even need a loan.  Depending on your income and your parents (if you are under a certain age) you may be eligible to receive financial aid you dont have to pay back a cent!

Answer 5

go to the finacial aid office at your school and get a student loan you dont have to start paying it back till you graduate from school

Answer 6

You can apply for a student loan that you dont have to pay back until you graduate.

Answer 7

Did you fill out a FAFSA?  If you get no help from family there are loans you can get.  I've found that dealing with the everyday people in the financial aid office gets you nowhere.  Ask to speak with the director of financial aid, and if you can't get a loan then at least say you are willing to work.  Usually they can get you a job on campus or a nearby employer no questions asked.  Some companies hire exclusively from the college, and you'd probably have a better chance than out there on your own.  I'm a single mom who's in school, and that's what I did.  I just kept "harassing" the financial aid office until I got the answers I needed to hear.  Also try nextstudent.com.  They say they send the check directly to you not the school, but I've never actually used them, but they say you get money fast.  Also Discoverstudentloans.com, chasestudentloans.com, and student-loans.net.  I hope this helps you a little bit.

Answer 8

You can get a federal Stafford loan without a cosigner and without a credit check.  Freshman can borrow up to 5,500 a  year to cover the costs of school and even sometimes help with living expenses depending on the cost of the school.  To apply you go to http://fafsa.ed.gov

Glad to see you stopped typing in all capital letters.  See how much better the answers are?

Answer 9

go to the schools financial aid officers they will help

also, look into getting grants....u dont have to pay those back, and there are soooo many out there if u look.

what city do u live in?

i think u can't find a job because it's summer break and all the college kids have summer jobs....look into being a nanny or something a little 'unconventional' like working at a shelter or something that not many young people want to do lol

your school may even have some type of work for you. it may not pay well but money is money where i come from and $5/hr is better than $0, ya know?

keep your head up you'll find something and in the end u will have a college education with endless opportunities :)