how to student loans without cosigner
Most students who borrow money student loans without cosigner for their education should start with federal student loans. The federal loan programs offer borrowers a variety of repayment, forgiveness, cancellation and discharge programs that aren’t available from private lenders.
But if you reach your federal loan limits, or examine student loans without cosigner your options and find you might be better off with a private student loan, you can compare loan offerings from private student lenders. One of the largest private student loan companies, Sallie Mae, has more than a dozen education loan products you can consider.
Started nearly 50 years ago, It has played a variety of roles in the student loan space, including lending federally student loans without cosigner guaranteed loans and private student loans, and servicing federal and private loans.
Sallie Mae spun off a portion of its student loan servicing business to form a new company, Navient, in 2014. And due to changes in the federal student loan programs, It no longer originates federally guaranteed loans. Now, It only offers and services private student loans without cosigner , while also offering other banking products, such as savings accounts.
Whether you’re a parent of a grade school student or about to begin your doctorate, It may have a student loan that fits your needs. Its loans are designed for undergraduate students, graduate students and parents or sponsors of students. It also has loans to cover medical residency or bar exam costs.
K-12: For a parent or sponsor of a child who wants to take out a loan to pay for a student’s private kindergarten-through-high school education
Parent: For a parent or sponsor of a child who wants to take out a loan to pay for an undergraduate, graduate or student loans without cosigner certificate program
Career training: For students at eligible non-degree granting schools
Undergraduate: For students at degree-granting schools who are earning an associate or bachelor’s degree
Graduate: For students at degree-granting schools who are earning a master’s, doctorate or law degree
MBA: For business school students
Health professions graduate: For graduate health profession students, including those in allied health, nursing, pharmacy, and other graduate-level health degrees.
Dental school: For graduate dental degree students, including those in dentistry, endodontics and orthodontics programs
Medical school: For graduate medical degree students, including those in allopathic, osteopathic and podiatric programs
Medical residency and relocation: For medical residency students to help pay for board examinations and residency-related travel and moving expenses
Dental residency and relocation: For dental residency students to help pay for board examinations and residency-related travel and moving expenses
Bar study: For law students and recent graduates to help pay for bar review courses, registration and living expenses while you study
Law school: For students studying for their law degree
You can apply to release a cosigner student loans without cosigner after making 12 consecutive, on-time, full interest and principal payments. However, parent loans don’t offer a cosigner release option.
You may be able to choose a repayment plan. Depending on the loan product, you may be able to choose from up to three different repayment plans. A plan that requires you make payments while you’re in school could help you save money in the long run; however, deferring your full payments can give you more money to student loans without cosigner cover education and living expenses now.