When To File Bankruptcy » scholarship http://whentofilebankruptcy.org Consider All Your Options | Free Tips, Q&A and Online Resources Thu, 29 Dec 2011 01:20:44 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Why do banks require a co signer on a deferred student loan when you may remove them after 18-24 mo? http://whentofilebankruptcy.org/why-do-banks-require-a-co-signer-on-a-deferred-student-loan-when-you-may-remove-them-after-18-24-mo http://whentofilebankruptcy.org/why-do-banks-require-a-co-signer-on-a-deferred-student-loan-when-you-may-remove-them-after-18-24-mo#comments Sat, 22 May 2010 04:48:51 +0000 admin http://whentofilebankruptcy.org/why-do-banks-require-a-co-signer-on-a-deferred-student-loan-when-you-may-remove-them-after-18-24-mo I am not eligible to receive a student loan by myself because of my young credit of only about a year even tho I have an excellent score.
I am not able to have my parents cosign for me because they are coming out of bankruptcy a little over a year out and have re established their score. but the loan companies and banks say it needs to be 2 years. I recently transfered to a very expensive school. I did receive a scholarship, but it doesn’t quite cover the cost, which including housing is around 40k per year. I have excellent grades deans and presidents list every quarter of my 3 year length college career.
But what I really do not understand is how on a deferred student loan you are required to have a co-signer when they can be removed as your co signer after 18- 24 months.
This does not make much sense to me and if anyone has any kind of alternative ideas comments or solutions I would appreciate everything I can get my hands on.

Thank you

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