<p>of so if i don’t apply for fafsa or any other financial aid, but ask the bank for a loan, what are my chances of getting like a $20,000 loan? and i’ll be going to a college out of the U.S.</p>
<p>Do you have someone who will cosign for a loan for your? If not, I’m not sure you will be able to secure a loan for $20,000…is that for one year, or all four years? If it’s for one year I can’t imagine how you will get that amount of money without someone with collaterol to cosign that loan for you. Most lending institutions are being very cautious about extending loans to folks without sufficient income or assets to be assured that the loan will not end up in default. If you have a cosigner who is willing to take the loan risk with you, your chances would be improved.</p>
<p>Without a qualified co-signers, your chances are slim.</p>
<p>Also…keep in mind that even if you get a co-signer, your co-signer might not qualify for years 2, 3, or 4 since their credit is hurt with each co-signed loan.</p>
<p>Also…borrowing $20k per year is waaay too much for undergrad. It can ruin your adult life.</p>
<p>Why do you want to borrow so much.</p>