No credit student loans are now available with or without a co-signer. Eligibility can be improved, even if there are some limitations to the system. First of all, the presence of a co-signer is very important when you have no credit history. Chances of getting the loan are very low if you meet neither of these two conditions.
Try Stafford and Perkins loans because with federal programs designed for people in need, the credit check is almost inexistent. Fill in the Free Application for Federal Student Aid and on its basis you will be able to get even grants or scholarships. Should you have a low-income, no credit and no co-signer, a Stafford loan will be the solution. The sum of money is small, but it's something for a start.
Even better than the Stafford loan is the Perkins loan. Those who qualify for it have the highest financial need. It offers only 5% interest rate, and you can extend the payment for a pretty long period of time. Otherwise, people who return to school for more degrees can use other forms of loan services.
Scholarships and grants mainly support no credit student loans because they represent money gifts that help one keep the lent amount minimum. Check with different schools and inquire on their terms and conditions both for grants and loans. You can offset the cost of education by getting such governmental gifts, if you don't have eligibility for additional loans.
Other solutions come in the form of private education monies that are designed to supplement the limited government funding in no credit student loans. Most often, there will be a parent cosign necessity and the parent's credit history will have to be checked before the loan approval be passed.
If the parent has a bad credit history too, then, you may think about getting a home equity loan. The family house serves as the collateral which makes lenders turn a blind eye on the bad financial history. Although this kind of loan is very risky and troublesome, lots of people choose to use it as a form of paying for their children's education. Don't set on a single option and search for information from various sources in order to make the right decision.
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