Sallie Mae No Cosigner Loans?

Sallie Mae is the largest student loan company. We look at a 60 Minutes report on Sallie Mae and how Sallie Mae, with the help of government ...

Private student loans are scrutinized

Megan Connors of Harford County, Md., says she got a great education at Auburn University but a brutal lesson on private student loans.

Federal aid wasn't enough to cover four years at the school in Alabama, so Connors made up the difference with private loans. Now, four years after graduation and working as a prekindergarten teacher — a job far afield from her major — she struggles to repay about $101,000 in private loans.

"If I knew I would be in this much debt, I probably wouldn't have pursued a four-year degree," said Connors, 30. Her parents, who are retired, help with the loan payments.

Granted, Connors' case is unusual. But it's a dramatic example of how some young adults have relied on private education loans to fulfill a college dream, not realizing the long-term financial consequences to themselves and the family members who co-sign.

It's an issue that has long concerned student advocates — and now Congress.

The Dodd-Frank law requires the Education Department and the new Consumer Financial Protection Bureau to report on private education loans by July. As part of that, the consumer bureau recently announced it was seeking answers from students, schools and lenders to a series of questions.

Sallie Mae Signature Loans, my chances of getting approved without ...

I have no previous student loans, no bankrupts, I have a few credit cards that are current and are being paid on time. My only problem: I have some delinquencies that will be paid before applications. The delinquencies are not much, like 60, and 100 dollars each, but after going on for a few years have made my credit score go down. And I get denied certain things because of these. Will Sallie mae actually check and see if these things are paid, and see that I do pay my current cards on time. Or will the fact that i even had the delinquencies in the first place be my downfall even if they are paid. They said they go back like 7 years. But I have never had anything huge on my credit but small limit cards. No cars, no loans, so what are my chances..NO COSIGNER!! Also, already applied and got fafsa money, but it is not enough.

Try MyRich Uncle student loans. I recently got approve without a cosigner. They approve you based on gpa and major. I am a Forensic Science major with a 3.18 just to give you an idea of what they are looking for. I only took out $3000. After approval it only took 5 days for them to send me my check. Check it out if you are skeptic. I admit I was at first, but a little desperate to. Their interest rates are really low compared to other private loans.