Getting a student loan without a cosigner can be challenging, especially if you have little or no credit history. Many private lenders require a cosigner to reduce their risk, but there are several options available for students who want to borrow independently. In this guide, we’ll explore the best ways to secure a student loan without a cosigner in 2025.
Understanding Your Options
There are two main types of student loans:
- Federal Student Loans – Issued by the U.S. Department of Education, these loans do not require a cosigner.
- Private Student Loans – Issued by banks, credit unions, and online lenders, these often require a cosigner unless you have strong credit.
Best Ways to Get a Student Loan Without a Cosigner
1. Apply for Federal Student Loans First
Federal student loans are the best option for students without a cosigner because they don’t require credit checks or a cosigner for most types. The main federal student loans include:
- Direct Subsidized Loans – For undergraduate students with financial need. The government pays interest while you’re in school.
- Direct Unsubsidized Loans – Available for undergraduate and graduate students. Interest accrues while you’re in school.
- Direct PLUS Loans – For graduate students or parents. These require a credit check but not necessarily a cosigner.
To apply, complete the Free Application for Federal Student Aid (FAFSA) at studentaid.gov.
2. Improve Your Credit Score Before Applying for Private Loans
If you need a private student loan without a cosigner, you’ll likely need a strong credit score (typically 650+). Steps to improve your credit include:
- Paying bills on time
- Keeping credit card balances low
- Avoiding unnecessary new credit applications
3. Look for Lenders That Offer No-Cosigner Loans
Some private lenders specialize in student loans for borrowers without a cosigner. Examples include:
- Ascent – Offers non-cosigned loans based on academic performance.
- MPOWER Financing – Designed for international and DACA students.
- Earnest – Requires strong credit and income but no cosigner.
4. Consider Income-Share Agreements (ISAs)
Some colleges and lenders offer Income-Share Agreements (ISAs) where you receive funding in exchange for a percentage of your future income.
5. Apply for Scholarships and Grants
Since scholarships and grants don’t require repayment, they can help reduce your need for loans. Search for opportunities on websites like Fastweb and Scholarships.com.
6. Work While Studying
Part-time jobs, internships, or work-study programs can help fund your education and reduce your reliance on loans.
Final Thoughts
While getting a student loan without a cosigner is difficult, federal loans, credit-building strategies, and alternative lenders can help. Always compare interest rates and loan terms before borrowing.