Anonymous
Post 01/02/2014 21:36     Subject: Getting student loans without a cosigner?
Anonymous wrote:
Anonymous wrote:let me guess, the parents want to retire at age 50


OP here. This really isn't about my parents. They offered him an all expense paid trip to college if he went to the top college he got accepted to. Instead he chose to go to the local university and live at home. They have paid for his college, but not apartment (hence why he's living at home). And my parents are well over 60. I'm 30, there's a big age difference.


So the loans are to live out of their house? I'd back away.
Anonymous
Post 01/02/2014 21:35     Subject: Getting student loans without a cosigner?
Anonymous wrote:I was under the impression that stafford loans were for those with financial need? Brother is still a dependent of my parents.


There are subsidized and nonsubsidized staffords.

I recommend he spend some time on the web. ED has some reasonably good material out there.
Anonymous
Post 01/02/2014 15:33     Subject: Getting student loans without a cosigner?
Thank you, I will let him know about Stafford loans. He currently has a minimum wage job.

I side with my parents on this one too, but I don't want him to suffer or drop out because of his inability to get student loans.
Anonymous
Post 01/02/2014 15:28     Subject: Getting student loans without a cosigner?
Anonymous wrote:let me guess, the parents want to retire at age 50


OP here. This really isn't about my parents. They offered him an all expense paid trip to college if he went to the top college he got accepted to. Instead he chose to go to the local university and live at home. They have paid for his college, but not apartment (hence why he's living at home). And my parents are well over 60. I'm 30, there's a big age difference.
Anonymous
Post 01/02/2014 15:26     Subject: Re:Getting student loans without a cosigner?
Anonymous wrote:
Anonymous wrote:Most college students are dependents of their parents. If the school determined that he has financial need, he can take out a Stafford loan.

Here is a summary of the eligiblity requirements:
http://web.53educationlending.com/stafford.asp

Your brother should be talking to his college's financial aid office about his options. Asking random questions on the internet isn't going to get you very far. And you can't do this for him. If he is in college, he is an adult. It is time for him to start taking care of his own business.


OP here. I 100% agree that he should do this, but he keeps saying he can't get any loans since my parents make too much money. He also wants to get his masters, which my parents won't pay for. He truly has very little common sense and I'd like to help him.


I'm beginning to take your parents' side. What is he doing to earn money at the moment?
Anonymous
Post 01/02/2014 15:26     Subject: Re:Getting student loans without a cosigner?
Anonymous wrote:Most college students are dependents of their parents. If the school determined that he has financial need, he can take out a Stafford loan.

Here is a summary of the eligiblity requirements:
http://web.53educationlending.com/stafford.asp

Your brother should be talking to his college's financial aid office about his options. Asking random questions on the internet isn't going to get you very far. And you can't do this for him. If he is in college, he is an adult. It is time for him to start taking care of his own business.


That's the chart and information for subsidized Stafford loans.

Here is information about unsubsidized Stafford loans, which can be taken without reference to financial need:
http://www.staffordloan.com/stafford-loan-info/unsubsidized-student-loan.php
Anonymous
Post 01/02/2014 15:25     Subject: Re:Getting student loans without a cosigner?
Anonymous wrote:Most college students are dependents of their parents. If the school determined that he has financial need, he can take out a Stafford loan.

Here is a summary of the eligiblity requirements:
http://web.53educationlending.com/stafford.asp

Your brother should be talking to his college's financial aid office about his options. Asking random questions on the internet isn't going to get you very far. And you can't do this for him. If he is in college, he is an adult. It is time for him to start taking care of his own business.


OP here. I 100% agree that he should do this, but he keeps saying he can't get any loans since my parents make too much money. He also wants to get his masters, which my parents won't pay for. He truly has very little common sense and I'd like to help him.
Anonymous
Post 01/02/2014 15:24     Subject: Getting student loans without a cosigner?
let me guess, the parents want to retire at age 50
Anonymous
Post 01/02/2014 15:22     Subject: Getting student loans without a cosigner?
Brother is already 18. Pretty sure he will be my parent's dependent until he graduates since he's currently living at home, has a credit card from them and has a car paid for by them. Brother wants student loans so that he can live in a dorm, which would be the best situation for all, but parents won't pay.
Anonymous
Post 01/02/2014 15:21     Subject: Re:Getting student loans without a cosigner?
Most college students are dependents of their parents. If the school determined that he has financial need, he can take out a Stafford loan.

Here is a summary of the eligiblity requirements:
http://web.53educationlending.com/stafford.asp

Your brother should be talking to his college's financial aid office about his options. Asking random questions on the internet isn't going to get you very far. And you can't do this for him. If he is in college, he is an adult. It is time for him to start taking care of his own business.
Anonymous
Post 01/02/2014 15:20     Subject: Getting student loans without a cosigner?
When does your brother turn 18?
Anonymous
Post 01/02/2014 15:15     Subject: Getting student loans without a cosigner?
I was under the impression that stafford loans were for those with financial need? Brother is still a dependent of my parents.
Anonymous
Post 01/02/2014 15:12     Subject: Re:Getting student loans without a cosigner?
He should be eligible for both Stafford loans without a cosigner.

Anonymous
Post 01/02/2014 15:11     Subject: Getting student loans without a cosigner?
What sick parents, boomers?
Anonymous
Post 01/02/2014 15:10     Subject: Getting student loans without a cosigner?
Is there a way to get student loans without a cosigner? My parents are refusing to cosign for my little brother's student loans (whether they're right or not, they believe he'd try to stick them with the bill). Considering that student loans can pretty much never be discharged, why is a cosigner needed at all? My parents FAFSA is too high to give him any aid and he's already receiving merit aid from his college.