What private Student Loans can I get if my parents have declared Bankruptcy and they are my only Co-Signers?
Alright, I am sitting here with 4,989 in Finacial Aid from my FASA and now I need to turn to private loans. The problem is my only Co-Signer’s (my parents) declare Bankruptcy about 6 years ago. Does anyone know of any loan service that will give us a loan so I can go to college?
$4989 seems like a low amount to receive for a student whose parents can’t afford school. Are you sure that isn’t your EFC? Is this the amount on the award letter from your college?
Well if they declared bankruptcy 6 years ago, it’s almost off their credit. Hopefully they have repaired it somewhat since then and at least have a decent score. If not, you’ll be eating it in interest.
Contact your bank/your parents’ bank. Only use them as cosigners if you must. Try it alone first. Options: Bank of America, Wachovia, Citibank, College Loan Corporation, Sallie Mae. You can find them all online.
Also if you want to try for scholarships, go to and see what you can apply for.
You can also contact your financial aid office and ask about work-study.
Good luck!
Go to your bank with your parents. 6 years may be enough to rebuilt their credit.
… and there’s many student loans & grants available online - and offline.
Good luck !