How do I get a private loan without a cosigner and without credit?
1. I am an international student
2. I have had a credit card for less than 1.5 years
3. I can’t pay for my classes here in the USA coming from India
The financial aid office rejects federal loans to me even though I got 3.0 last semester and I can not afford to continue college here in America even though I am a good student. I can not get loans because I am from India, is there any other options for me? I am here and all alone.
Do you have any options in India? For example, maybe they have a similar program where the parents take out a loan for the student.
Your credit history will show your credit worthiness to potential lenders. Without credit history, you can’t prove that you’re financially responsible and would pay the lender back.
I’m not sure what school you go to, but the public schools here require international students to be able to pay for their education.
Have you been working? Can you get a job and maybe reduce the number of classes you take per semester? (I don’t know if you’re even allowed to work, but I’m just trying to explore some options.)
You might have to contact your school and request that you sit out a semester while you gather your funds.
