For college students with bad credit are there any guaranteed approval student loans to apply for?
There is no such thing as a guaranteed approval student loan. However, for college students with poor or little credit history, there are federal student loans that you may qualify for. Federal student loans are free to apply for, and you can apply for them by visiting fafsa.gov and completing The Free Application For Federal Financial Aid (FAFSA). Unlike private student loans, most federal student loans are not based upon the borrowers credit, but rather on an individual financial need. With federal student loans there is no guarantee that the borrower will get the full amount of money they need to cover the costs of college, however it is likely that the borrower will qualify for some federal student loans, regardless of their credit history.
Can I get a guaranteed private student loan without the help of a cosigner?
Guaranteed student loans without a cosigner do not exist in the private student loan sector. Private student loans are based upon the credit history of the borrower, the borrowers cosigner, or a combination of both. It is standard practice for private student loan lenders to use a borrowers credit as a way to determine risk, and therefore, there is not a private lender who would be willing to offer a guaranteed student loan to simply every individual that applied. This is not to say that it is impossible to find a private student loan lender who is willing to lend to a borrower with bad credit, however this scenario would be rare without the help of a creditworthy cosigner, and the loan would likely come with extremely high interest rates. If you need additional money for your college expenses after you have exhausted all of your federal financial aid and scholarship options, but you do not have the credit to qualify for a private student loan, you will likely not be able to secure a private loan unless you can obtain the help of a creditworthy cosigner.