Can anyone get a student loan under the age of 18?

Answer 1

A federal loan does not require a co-signer and the minimum age is 16. The above answer is so incomplete.. Federal loans like Stafford can not fully fund your whole tuition. There are ridiculously low limits (e.g. $2650 for a freshman). I think the question is: How can a entering freshman (age 18) with no credit history or co-signer but who lives with parents (who make a decent salary) get loans to fully fund her entire tuition and living expenses ? The case here is one where parents don't want to co-sign or have responsibility to pay back any loans. Or where the parents are denied because of bad credit. So the child has to do it all on their own without any co-signer. What loans are available for this dependent teenager who on paper doesn't show "financial need" ?

Answer 2

That would be a very unusual procedure. If your parents want you to have this money, to the extent that they are willing to co-sign for the loan, and you are under 18, what would normally be done is that your parents would simply borrow the money themselves and give it to you as a loan which you could repay to them, and they would then repay the bank. Minors do not normally borrow money from banks.

Answer 3

Legally, yes. The rest of the answer depends on the lender. Most lenders require credit history and employment history (often 2 years minimum). If this is the case they may request a co-signer. Some lenders accept schooling in the borrowers current profession in place of work history. Legally, yes. The rest of the answer depends on the lender. Most lenders require credit history and employment history (often 2 years minimum). If this is the case they may request a co-signer. Some lenders accept schooling in the borrowers current profession in place of work history.

Answer 4

you can get a student loan as long as you have GED or high school diploma and have filled out a fafsa online.