Research student loan options on paper. Using the student loan brochures, make notes in a notebook or binder about which options may be best. Write out all the pro’s and con’s for each option a pamphlet or brochure is available for.
Research student loan options on the Internet. Print out in information for other student loans besides the ones mentioned in your pamphlets and brochures. Make notes about this research in your notebook, as well. Highlight important facts on the printouts, as well as in your notebook. Again, write out all the pros and cons for each option.
Weigh your options. Many students don’t realize there are federal student loan programs available where a cosigner is not required. The Stafford Student Loan is the most common federal student loan option, but there are many others listed on the Internet as well as at banks.
Learn a bit more based on financial need. There are loans and grants available to students without the need for a cosigner. The Perkins Loan is a loan disbursed and collected by the school. Students must demonstrate financial difficulties or need in order to qualify for this loan. The Pell Grant is also based on the need of the student, but it does not have to be paid back. Work-study programs are another option where the student works throughout college, earning while he is learning.