Student loans without a cosigner and no credit

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You’ll typically need good to excellent credit to qualify for a student loan. If you have poor credit or haven’t yet built a credit history, one way to potentially get approved is by applying with a creditworthy cosigner — this generally means your cosigner must meet the underwriting criteria set by the lender, which includes having good credit.

If you don’t know someone with good credit who is eligible to cosign your loan, you might be able to qualify on your own with one of the lenders that offer student loans for bad credit.

Here’s what you should know about the best student loans for bad credit without a cosigner and where to find them:

• 3 best student loans that don’t require a cosigner
• Other private student loan lenders to consider
• 3 steps to getting a student loan without a cosigner
• Can I be a student loan cosigner with bad credit?
• Do I need a cosigner for student loans?
• Who can be a student loan cosigner?

3 best student loans that don’t require a cosigner

To find the right private student loan for your needs, it’s important to research and compare as many lenders as possible. Keep in mind that the best student loans that don’t require a cosigner provide competitive interest rates, a wide selection of loan terms, inclusive eligibility requirements, and responsive customer service.

Here are Credible’s partner lenders that offer private student loans for poor or no credit without a cosigner:

Lender	Fixed Rates From (APR)	Variable Rates From (APR)	Loan amounts	Credit score
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	4.12%+10	3.04%+10	$2,001 to $400,000	540
Fixed APR: 4.12%+10 Variable APR: 3.04%+10 Min. credit score: 540 Loan amount: $2,001 to $400,000 Loan terms (years): 5, 7, 10, 12, 15, 20 Repayment options: Full deferral, fixed/flat repayment, interest only, academic deferment, military deferment, forbearance, loans discharged upon death or disability Fees: None Discounts: 0.25% to 1.00% automatic payment discount, 1% cash back graduation reward Eligibility: Must be a U.S. citizen or permanent resident or DACA student enrolled at least half-time in a degree-seeking program Customer service: Email, phone Soft credit check: Yes Cosigner release: After 12 on-time principal and interest payments Loan servicer: Launch Servicing, LLC
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	5.25%+8	4.38%+8	$1,001 up to 100% of school certified cost of attendance	670
Fixed APR: 5.25%+8 Variable APR: 4.38%+8 Min. credit score: 670 Loan amount: $1,001 up to cost of attendance Loan terms (years): 5, 10, 15 Repayment options: Full deferral, full monthly payment, interest only, immediate repayment, academic deferment, forbearance Fees: Late fee Discounts: Autopay, reward for on-time graduation Eligibility: Must be an Indiana resident or a U.S. citizen attending an eligible Indiana school Customer service: Email, phone, chat Soft credit check: Yes Cosigner release: After 48 months Loan servicer: American Education Services
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	4.89%+	N/A	$1,500 up to school’s certified cost of attendance less aid	670
Fixed APR: 4.89%+ Variable APR: N/A Min. credit score: 670 Loan amount: $1,500 up to cost of attendance less aid Loan terms (years): 10, 15 Repayment options: Full deferral, interest only, immediate repayment, academic deferral, forbearance Fees: None Discounts: None Eligibility: Must be a U.S. citizen or permanent resident and be making satisfactory academic progress. Customer service: Email, phone Soft credit check: Yes Cosigner release: After 48 months Loan servicer: American Education Services (AES)
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Ascent

With Ascent, you can borrow $2,001 to $400,000 (depending on if your credit is tested or not) with repayment terms from five to 20 years (depending on the loan type).

Additionally, you could be eligible for a 1% cashback graduation reward from Ascent if you earn your degree within five years.

4.9

Credible rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ascent Private Student Loans

Fixed APR

Lowest fixed rate available from this lender

4.12%+10

Variable APR

Lowest variable rate available from this lender

3.04%+10

Loan amount

Total amount you can borrow from this lender

$2,001 to $400,000

Loan terms (years)

How many years you have to repay the loan

5, 7, 10, 12, 15, 20

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• Fixed APR: 4.12%+10
• Variable APR: 3.04%+10
• Min. credit score: 540
• Loan amount: $2,001 to $400,000
• Loan terms (years): 5, 7, 10, 12, 15, 20
• Repayment options: Full deferral, fixed/flat repayment, interest only, academic deferment, military deferment, forbearance, loans discharged upon death or disability

• Fees: None
• Discounts: 0.25% to 1.00% automatic payment discount, 1% cash back graduation reward
• Eligibility: Must be a U.S. citizen or permanent resident or DACA student enrolled at least half-time in a degree-seeking program
• Customer service: Email, phone
• Soft credit check: Yes
• Cosigner release: After 12 on-time principal and interest payments
• Loan servicer: Launch Servicing, LLC

INvestEd

If you live or attend school in Indiana, INvestEd might be a good choice for a student loan. You can borrow $1,000 up to 100% of your school’s cost of attendance (minus any other financial aid you’ve received) with terms from five to 15 years.

4.6

Credible rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

INvestEd Private Student Loans

Fixed APR

Lowest fixed rate available from this lender

5.25%+8

Variable APR

Lowest variable rate available from this lender

4.38%+8

Loan amount

Total amount you can borrow from this lender

$1,001 up to cost of attendance

Loan terms (years)

How many years you have to repay the loan

5, 10, 15

Ready to find a student loan?
Compare rates from top private lenders to find the right student loan for you.

Check Personalized Rates

Checking rates won't affect your credit score

• Fixed APR: 5.25%+8
• Variable APR: 4.38%+8
• Min. credit score: 670
• Loan amount: $1,001 up to cost of attendance
• Loan terms (years): 5, 10, 15
• Repayment options: Full deferral, full monthly payment, interest only, immediate repayment, academic deferment, forbearance

• Fees: Late fee
• Discounts: Autopay, reward for on-time graduation
• Eligibility: Must be an Indiana resident or a U.S. citizen attending an eligible Indiana school
• Customer service: Email, phone, chat
• Soft credit check: Yes
• Cosigner release: After 48 months
• Loan servicer: American Education Services

MEFA

MEFA student loans are available from $1,500 up to your certified cost of attendance (minus any other financial aid you’ve received) with terms from 10 to 15 years.

Keep in mind that you must attend a public or nonprofit school to work with MEFA — for-profit schools aren’t eligible.

4.4

Credible rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

MEFA Private Student Loans

Fixed APR

Lowest fixed rate available from this lender

4.89%+

Variable APR

Lowest variable rate available from this lender

N/A

Loan amount

Total amount you can borrow from this lender

$1,500 up to cost of attendance less aid

Loan terms (years)

How many years you have to repay the loan

10, 15

Ready to find a student loan?
Compare rates from top private lenders to find the right student loan for you.

Check Personalized Rates

Checking rates won't affect your credit score

• Fixed APR: 4.89%+
• Variable APR: N/A
• Min. credit score: 670
• Loan amount: $1,500 up to cost of attendance less aid
• Loan terms (years): 10, 15
• Repayment options: Full deferral, interest only, immediate repayment, academic deferral, forbearance

• Fees: None
• Discounts: None
• Eligibility: Must be a U.S. citizen or permanent resident and be making satisfactory academic progress.
• Customer service: Email, phone
• Soft credit check: Yes
• Cosigner release: After 48 months
• Loan servicer: American Education Services (AES)

Learn More: Student Loan Requirements: How to Qualify for a Student Loan

Methodology

To find the “best companies,” Credible looked at loan and lender data points from 10 categories to give you a well-rounded perspective on each of our partner lenders. Here’s what we considered:

• Interest rates
• Repayment terms
• Repayment options
• Fees
• Discounts
• Customer service availability
• Eligibility criteria
• Cosigner release options
• Whether the minimum credit score is available publicly
• Whether consumers could request rates with a soft credit check

Our hope is that this will be a win-win situation for you and us — we only want to get paid if you find a loan that works for you, not by selling your data. This means Credible will only get paid by the lender if you finish the loan process and a loan is disbursed. Additionally, Credible charges you no fees of any kind to compare your loan options.

Other private student loan lenders to consider

Here are more private student loan companies we evaluated. Note that you might need to apply with a creditworthy cosigner to potentially qualify with these lenders if you have poor or no credit.

Also keep in mind that these lenders aren’t offered through Credible, so you won’t be able to easily compare your rates with them on the Credible platform like you can our partner lenders.

Lender	Loan terms (years)	Cosigner release
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	15, 20 (depending on degree type)	No
Fixed APR: 4.84% - 12.39%6 Variable APR: 1.59% - 11.37%6 Min. credit score: Does not disclose Loan amount: Up to cost of attendance Cosigner release: No Loan terms (years): 15, 20 Min. GPA: No Repayment options: Full deferral, full monthly payment, fixed/flat repayment, interest only, immediate repayment, academic deferment, military deferment, forbearance, loans discharged upon death or disability Fees: None Discounts: Autopay, good grade discount, cash reward for on-time graduation Eligibility: Must be a U.S. citizen, permanent resident, or international student with a qualifying cosigner, as well as be making satisfactory academic progress. Customer service: Email, phone Soft credit check: Yes Loan servicer: Discover Bank
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	5, 7, 10, 12, 15, 20	No
Rates: Fixed, variable Min. credit score: 650 Loan terms (years): 5, 7, 10, 12, 15, 20 Min. GPA: No Cosigner release: No Repayment options: Full deferral, full month payment, fixed/flat repayment, interest only, academic deferral, military deferral, forbearance Fees: None Discounts: Autopay Eligibility: A U.S. Citizen or permanent resident. Not available in KY or NV. Customer service: Email, phone Soft credit check: Yes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	20	After 24 months
Min. credit score: Does not disclose Loan amount: $1,000 to $150,000 Loan terms (years): 10, 15, 20 Min GPA: No Cosigner release: Yes Repayment options: Full deferral, full monthly payment, interest only, immediate repayment, academic deferment, military deferment, forbearance Fees: None Discounts: Autopay Eligibility: Available in all 50 states Customer service: Email, phone Soft credit check: Yes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	5, 10, 15	After 48 months
Rates: Fixed, variable Min. credit score: Does not disclose Loan terms: 5, 7, 15 Min. GPA: No Cosigner release: Yes Repayment options: Full deferral, interest only, immediate repayment, academic deferral, military deferral, forbearance Fees: Late Fee Discounts: Autopay Eligibility: Must be a U.S. citizen Customer service: Email, phone Soft credit check: Does not disclose
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	5, 10, 15	After 24 months
Rates: Fixed, variable Min. credit score: Does not disclose Loan terms (years): 5, 10, 15 Min. GPA: Yes Cosigner release: Yes Repayment options: Full deferral, fixed/flat repayment, interest only, immediate repayment, academic or military deferral, forbearance Fees: None Discounts: Autopay Eligibility: Must be a US Citizen or permanent resident Customer service: Email, phone Soft credit check: Yes
The lenders in this table aren't our partners. But you can use Credible to compare rates in 2 minutes from other lenders who offer private student loans. Compare Now

3 steps to getting a student loan without a cosigner

There are ways to get a student loan without a cosigner, even if you have bad credit.

1. Borrow the maximum amount of federal student loans first

If you need to borrow for school, it’s generally a good idea to take out federal student loans first. This is mainly because these loans come with federal benefits and protections — such as access to income-driven repayment plans and student loan forgiveness programs. Many federal loans also don’t require a credit check.

Tip: Also be sure to research college scholarships and grants — since unlike student loans, these don’t have to be repaid. There’s also no limit to how many you might be able to get, so it’s worth applying to as many scholarships and grants as you possibly can.

Here are the main federal student loans that might be available to you:

• Direct Subsidized Loans are available to undergraduate students with financial need and don’t require a credit check. The government will cover the interest on these loans while you’re in school.
• Direct Unsubsidized Loans are available to both undergraduate and graduate students regardless of financial need. Like subsidized loans, unsubsidized loans don’t require a credit check. However, you’re responsible for all of the interest that accrues on these loans. Keep in mind that dependent students might be eligible for more unsubsidized loan funding if their parent doesn’t qualify for a Parent PLUS Loan.
• Direct PLUS Loans come in two types — Grad PLUS Loans for students who want to pay for grad school and Parent PLUS Loans for parents who want to help pay for their child’s education. Unlike Direct Subsidized and Unsubsidized Loans, you’ll have to undergo a credit check and must not have an adverse credit history to take out a PLUS Loan. These loans also come with higher interest rates than other federal student loans.

Check Out: How to Apply for Federal and Private Student Loans

2. Fill in the gaps with private student loans

After you’ve exhausted your scholarship, grant, and federal student loan options, private student loans could help fill any financial gaps left over.

However, keep in mind that if you have poor or no credit as well as no cosigner, you’ll likely end up with higher interest rates. Because of this, it’s best to treat private student loans as a last resort, since they’ll be more expensive in the long run.

Tip: It’s critical to shop around and compare as many lenders as possible before you borrow. This way, you can find a loan with the most optimal rate and terms for your situation.

Also be sure to borrow only what you need to keep your future costs as low as possible.

You can find out how much you’ll owe over the life of your federal or private student loans using our student loan calculator below.

Enter your loan information to calculate how much you could pay

Loan amount ? Enter the total amount borrowed $

Interest rate ? Enter your annual interest rate %

or

Loan term ? Enter the amount of time you have to repay your loan years

With a $ loan, you will pay $ monthly and a total of $ in interest over the life of your loan. You will pay a total of $ over the life of the loan, assuming you're making full payments while in school.

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3. Build credit during college

Many college students don’t yet have the necessary credit to qualify for private student loans on their own. If this is the case, it could be a good idea to focus on building your credit while you’re still in school.

A few ways to potentially do this include:

• Becoming an authorized user: One of the easiest ways to start building credit as a college student is to become an authorized user on the credit card account of someone you trust. If they make on-time payments and keep their balance relatively low, it will benefit your credit in turn — without you even needing to use the card.
• Making payments on your student loans: If you can afford it, consider making payments on your federal or private student loans while you’re still in school. This could have a positive impact on your credit over time as well as help you lower the amount you’ll owe after you leave school.
• Getting a secured credit card: This type of credit card is secured by a cash deposit that acts as your credit limit. Some secured cards are geared toward borrowers with poor credit while others are designed for students looking to build their credit. As you use the card and make on-time payments, you could see your credit score begin to grow. You might also have the option to convert the card into a regular credit card after making a certain number of on-time payments — meaning you’ll also get your deposit back.
• Taking out a credit-builder loan: This type of loan is designed to help borrowers build a positive payment history to improve their credit score. You’ll make payments over a short repayment term that will be deposited into a savings account. Once your term is over, you’ll get the deposited amount back, minus any interest or fees.

Check Out: Student Loan Limits: How Much in Student Loans You Can Get

Can I be a student loan cosigner with bad credit?

Cosigners are typically required to have good to excellent credit — which means you likely won’t be eligible to cosign a loan if you have bad credit. A good credit score is usually considered to be 700 or higher.

If you have poor credit and want to cosign a loan in the future, it’s a good idea to focus on building your credit beforehand.

Learn More: What to Do If You’re Denied a Student Loan With a Cosigner

Do I need a cosigner for student loans?

This depends on the type of student loan you want to get as well as your credit.

• Federal student loans: Most federal loans — including Direct Subsidized and Unsubsidized Loans — don’t require a credit check or a cosigner. If you’re a dependent student, keep in mind that you might also qualify for unsubsidized loan funding if your parent isn’t eligible for a PLUS Loan.
• Private student loans: Unlike federal loans, all private student loans require a credit check. You’ll also generally need good to excellent credit to be eligible. Because many college students don’t yet have sufficient credit history to get approved on their own, it could be difficult to qualify without a cosigner. While some lenders offer private student loans for bad credit, remember that these loans usually come with higher interest rates compared to good credit loans.

Check Out: The Right Cosigner Can Save Students Thousands on Their Student Loans

Who can be a student loan cosigner?

Many college students rely on one of their parents to cosign private student loans. However, a cosigner doesn’t have to be a parent. A student loan cosigner can be anyone with good credit — such as a relative, or trusted friend — who is willing to share responsibility for the loan.

Just keep in mind that your cosigner will be on the hook if you can’t make your payments.

Tip: Several lenders offer a cosigner release option with their student loans. Before you can apply to remove your cosigner from the loan, you’ll typically need to make consecutive, on-time payments for a certain period of time as well as meet the underwriting criteria on your own.

If you decide to take out a private student loan — with or without a cosigner — remember to compare as many lenders as you can to find the right loan for your situation.

This is easy with Credible: You can compare your prequalified rates from multiple lenders in just two minutes.

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About the author

Dori Zinn

Dori Zinn is a student loan authority and a contributor to Credible. Her work has appeared in Huffington Post, Bankate, Inc, Quartz, and more.

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