It is possible to qualify for student aid without a
4 QUESTIONS ON GETTING A STUDENT LOAN
WITHOUT A COSIGNER
1. WHY WOULD I NEED A COSIGNER?
Cosigners are especially helpful for young
students without credit history or a steady
A cosigner with an excellent credit rating
increases your chances of qualifying for a loan.
A cosigner can also lower the interest of your
loan and qualify you for more money.
2. WHAT IS A COSIGNER?
A cosigner is someone who also signs for the
loan with the understanding that if the student
does not pay on the loan, the cosigner will be
3. HOW MUCH CAN I BORROW?
Undergraduate Graduate Students
Direct Subsidized from $5,500 to $12,55 (Not available)
Direct Unsubsidized up to $20,500
Perkins Loans up to $5,500 up to $8,000
4. HOW DO I APPLY?
Before starting the application process, gather financial documents from the previous year including:
Social Security Card
Driver’s license or ID
W-2 forms and other records of money earned
Federal Income Tax Return
Parent’s Federal Income Tax Return (if you are a dependent student)
Untaxed income records
Current bank statements
Current business and investment mortgage information, stock, bonds and other investment records
If you are not a US citizen, your alien registration or permanent resident card
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