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  #1 written by beut_els_guese
  January 7, 2009 - 9:19 am

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  If you complete your FAFSA application you should qualify for the Federal Stafford loan.

  Without a co-signer it’s almost certain you would not qualify for any other type of loan with the forclosure on your credit report.

  I’m very sorry for your situation, but, the sub prime housing fiasco has completely affected the student loan industry.

  Good Luck to you.

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  #2 written by NotAnyoneYouKnow
  January 8, 2009 - 9:38 pm

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  Unfortunately, no. If you have had a recent foreclosure, the odds are extremely slim that you will find a legitimate lender who will approve you for another big dollar private loan.

  Remember, lenders make loans when they have considerable reassurance that they’ll be repaid.

  Your problem is that a student loan is a far riskier loan to the lender than a mortgage, because a mortgage is a secured loan – as you found out – when you couldn’t afford to pay the mortgage, the bank seized its “collateral” – your house.

  In the case of a student loan, they can’t seize your education, so the lenders are extremely reluctant to lend to anyone with an insufficient credit history. The only thing worse than an insufficient credit history is a bad credit history.

  There is hope, though, but it’s going to force you to be a very prudent educational shopper.

  The federal government’s lending programs – the Stafford and the Perkins loans – do not require a credit check or a cosigner. They will lend to you – guaranteed – even if you had a foreclosure the day before yesterday.

  The problem for you is that these loan programs only lend a few thousand dollars a year – far too little to pay for room and board and tuition and living expenses at some fancy private school. Students who need to rely upon federal student aid MUST choose a school that is cheap and affordable – a community college, or a low-cost state university option.

  We get this question here all the time – “My cost of education is $48,000, and I only got $10,000 in federal student aid. How can I afford the remaining $38,000?” – and the answer, of course, is “You can’t.” If you can’t afford a Lexus, you shouldn’t be shopping in the Lexus dealership – and if you can’t afford a $48,000 school, you shouldn’t be thinking about attending there.

  Start with the booklet I’ve attached below, which explains the whole “world” of financial aid, from federal assistance to all of the different forms of private financial aid, too. It’s a great publication of the US Department of Education, and it’ll answer most of your questions.

  Good luck to you!

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  #3 written by Shaha D
  January 10, 2009 - 4:22 am

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  hi there…. try you look at this site. I found at google last week

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