Student - $5000 Private Loan

Paying for College
1

<p>This is in addition to the Stafford loan which I’m already aware of. Without a cosigner, no credit history, though I am in the middle of a “gap year” where I will earn about $12,000, would it be possible for me to take out an additional private loan of about $5000?</p>

2

<p>How much have you borrowed so far?</p>

<p>What year are you in college?</p>

<p>How much more will you have to borrow in the upcoming years?</p>

3

<p>i think it is very common for students to do this…i guess eligibility would depend on your situation w/ your other loans</p>

4

<p>I am taking a gap year, I deferred admission and thus haven’t started my freshman year yet. I will have to borrow about $5000/year - $10,000/year if you include the other $5000 in federal loans. But I don’t have a cosigner, so I’m asking if I would be able to get these loans approved.</p>

5

<p>if you are lookng for some info on student loans or student debt , I just consolidated my loans and am paying them off quite quickly. I had some help from a credit counselor. I highly suggest talking to a professional.</p>

<p>MrsCasanova
<a href=“http://nomoredebts.org/tips-for-ps-students.htm[/url]”>http://nomoredebts.org/tips-for-ps-students.htm&lt;/a&gt;&lt;/p&gt;

6

<p>Is there no possibility of finding a credit-worthy cosigner? The interest rate would be based on their credit score in that case.</p>