<p>In terms of familiarity with the American college system, neither or my parents have much. In particular, both they and I are not exactly experts on the load side of things. Here is my situation:</p>
<ul>
<li>Parents took out first year Parents Plus federal load.</li>
<li>They want to take out the loan in my name for this year, so that they can deffer payment until after graduation. They still intend to pay for this year.</li>
<li>I’ll be a sophmore at new school (transferred from Case Western to WUSTL).</li>
<li>I do not qualify for financial aid, and did not get merit aid as a transfer.</li>
<li>Loans would be around $50,000 give or take a few grand.</li>
</ul>
<p>So how do I find a loan of that size, that I can deffer until after graduation, with minimal credit history, no job history, and ideally no co-signer?</p>
<p>Your parents will need to co-sign your loan. I am going to say it, “Are you out of your mind to take out $50,000 loan.” You would owe $150,000 by the time you graduate. How are you going to pay it back? Why are your parents not paying for any of it? Have your parents take out the loan.</p>
<p>Someone else here will have to say for sure…but I’m not sure there is any loan you can take in your name where the interest payments (at least) will be deferred until after you graduate. Some states have loan programs for students. You might want to check your state for such a program. </p>
<p>Did your family discuss the finances of your college choice before you applied? How did you think you were going to pay for this?</p>