Knowledge base on alternative student loans with no income requirement

The Student Loan Process

A student loan in most cases is unsecured and is typically made by lenders who receive government assistance. If the government wasnt sponsoring these loans you would probably find that student loans would be extremely difficult to obtain. Most lenders would probably find that this type of loan would not be worth making. Along with this type of loan there is usually a lot of red tape. Before applying for a student loan you need to start with the form called the Free Application for Federal Student Aid. You can call 1-800-433-3243 to obtain one of these forms.

This application will determine the students eligibility, student aid and student loan assistance. You can complete and submit this form on or offline.

To submit online just visit www.fafsa.ed.gov. If you submit your application online you will have the advantage of following the status of your application. Also submitting the form online will speed up the process. If you find that you do not qualify for one of the unsecured student loans there other programs available. Additional loan programs such as the alternative loans are basically loans made with a co-signer, such as a parent.

Since the government imposes a lot of regulation on these unsecured student loans, there is no need in shopping around because all lenders offering the student loans are required to follow the same guidelines. Now, you wont find this to be the case with the alternative loans because they are not government assisted. However, interest can vary widely, so it does pay to shop around in this case.

Before you seek an alternative student loan, start with the Federal Student Aid application. You will also need to submit this application well in advance of the time you are due to pay tuition.

To learn more about your student loan options and see potential offers visit: http://student-loans.brinshare.com http://www.student-loans.brinshare.com

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More Useful Resource and Updates on alternative student loans with no income requirement

• College Loan Licks Its Wounds (Forbes)
  The company will reportedly stop disbursing student loans after losing its funding.



• Student loan companies in settlement talks (AP via Yahoo! Finance)
  The attorney general of New York is negotiating settlements with eight student loan companies to reform deceptive practices in the industry. A particular focus is the marketing of products so they appear to be federal loans, an official said Friday.



• Eight student loan companies in settlement talks with Cuomo (Rochester Democrat and Chronicle)
  Attorney General Andrew Cuomo is going to be in East Rochester on Monday to talk about his office's efforts to reform deceptive student loan practices.



• Big Student Lender Suspends Business (WallStreet Journal via Yahoo! Finance)
  College Loan Corp. is suspending the remaining part of its student-lending business after it lost funding.



• Counseling on Student Loans Now May Ease Pain Later (New York Times)
  What students about to take out their first loan should know.



• New York Plans to Sue Student Loan Company (New York Times)
  The attorney general is preparing a lawsuit against Goal Financial, charging that the lender broke laws by luring borrowers with cash and gifts and that it misled consumers about loan terms.



• Public, non-profit student loan provider to get proper funding (News Democrat & Leader)
  Governor Steve Beshear announced Friday that the state has finalized the deal to provide the state's only public nonprofit student loan provider $50 million with which to make student loans during the 2008-2009 school year.

• Chase Student Loans: Federal Grad PLUS Loans
  ... and PLUS student loan, financial aid, college planning and private alternative student loans for education, ... process, and no income requirements. ...



• Loans Available to You
  ... on the Stafford Loan program, Grad PLUS and Alternative Loans on this page. ... credit requirements for the graduate student loan, but no debt-to-income ratios ...



• YSU Student Loans - Alternative Loans
  Alternative loan programs are designed to bridge the funding gap when savings, ... can borrow based on their own credit history (no minimum income required) ...



• Financial AId at Saint Mary's College
  Educational Loans. Alternative Loan Programs. What is an alternative student loan? ... No income requirement for students with at least sophomore standing ...



• Occidental College :: Alternative Loans
  ... must meet credit and income requirements or provide a creditworthy co ... student can apply through the TERI Alternative Loan Program for the TERI loan ...



• Student Loan Solutions
  ... advises and helps students, college graduates, and parents secure Stafford, PLUS, alternative, or consolidation loans. Consolidate and save on your monthly payments. ...



• UNI - Financial Aid
  Alternative Loan. No Fee Education Loan. Collegiate Loan. Class of Students ... No. Not if borrower is credit-worthy and meets income requirements ...