Building a healthy credit history is a challenging task for many college students, often leaving them unsure of how to secure funding for their education. Fortunately, there are ways to take out student loans without a cosigner or credit check. The first step is completing the Free Application for Federal Student Aid (FAFSA), which determines eligibility for federal loans based on family income and school expenses. Federal loans are generally the best option for students with limited credit histories since they do not depend on credit scores and offer benefits like fixed interest rates and potential loan forgiveness. After exhausting federal options, students may consider private loans, which require careful comparison of lenders, loan terms, and interest rates. However, most private lenders will require a cosigner if the borrower lacks credit or income. Understanding these options is crucial for students to successfully fund their education without a strong credit history.
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