Receiving Your Loan Quick

Loan Quick

Quick Loans

When speaking to college students or soon to be college students you will find that their biggest fear other than not making the grades that are needed is how they are going to pay for their education. This also goes for the student’s families. Everyone is feeling the financial pressures of learning the ins and outs of paying for school.

There are many different types of student loans available to the new or existing college students. In order to receive these loans you will need to be well educated in how to apply for these types of online payday loan and you should also know exactly how these loans work and the guidelines for these loans.

It is important to remember that once graduation rolls around or even if the student is no longer attending their college classes that each of the different loans will need to be paid back to the lender.

Types of Student Loans

There are many different types of student loans that will all offer different requirements, criteria and repayment time periods.

The first of these loans is the direct student loan.  This is a loan that is scheduled to have the repayment time period begin six to nine months once the student has completed their schooling. This loan is dispersed through the actual school that the student is attending.  This will help the interest rate be much lower than that of a Guaranteed Student Loan.

A guaranteed student loan is the most popular of the student loans. It is also known as the Stafford loan.  The advantage of these loans for bad credit is the interest rate. This loan will usually have the lowest interest rate around.

These loans will be offered either subsidized or unsubsidized. With a subsidized loan the government will pay the interest for you while the student is still attending the school. This type of loan is based on financial need so you should be prepared to prove financial need when you are applying. The unsubsidized loan means that the student will be paying the interest on the loan while they are attending school.  Once the education is complete of the student is no longer attending the school the principal balance repayment period will begin. Usually the repayment period on both of these loans will be between six to nine months after being out of school. Either through graduation or no longer attending classes for some other reason.

There is also a loan that is made for the parents of a college student. This loan is called the Federal Parent Loan or PLUS loan as they are commonly known as. Even though this loan is not based on the income of the parents a credit check will be required. A lender will not want to lend money in the amount needed for an education to someone who is not responsible with his or her money.  If the credit rating is good there should not be a problem as long as the student is enrolled in school at least part time.


When looking to receive a student loan to help pay for school you should probably meet with a financial aid counselor at your school. This counselor will help you to understand the loan material so that you can gain the most money available for you.

Qualify For Loans without Cosigners


Loans without Cosigners

Many times a person will find themselves in need of money but cannot get a cosigner that the traditional cash loans lenders are requiring.  This means that you will need to find a way around getting a loan without a cosigner.  You will be the person responsible for the loan and you will need to let the lender know that you are able to pay the loan back.  Is it possible to obtain a loan without a cosigner?

The Basics Of Cosigning

It may be impossible for you to get a loan without a cosigner if the lender does not believe that you will pay the loan back.  They want to be sure that they will get their money back.  When you have a cosigner the cosigner agrees that they will make the payments in the event that you as the primary borrower fail to pay.

Unable To Get A Loan Without A Cosigner

The lender is letting you know that you have a credit issue when they deny you for a loan and tell you that you will need a cosigner to be approved.  There could be several reasons why they are denying you.  It could be that you have bad credit or not credit at all.  Often times you are new to the borrowing world and you have no history to use as an example.  Therefore the lender does not want to take a risk on you alone.  If you have to get a loan with a cosigner you should just to help increase your credit scores.

Another reason why the lender may not wish to grant you a loan without a cosigner is that you might be borrowing too much money.  The lender may think that you are over extending yourself and will require a cosigner.  Lenders know how much you can afford by comparing your monthly income to the amount of the loan payment.  If it takes too much of your income the loan will be denied.  The way around this is to change the loan amount.  You might be able to be approved for a loan without a cosigner if you apply for a smaller loan amount.

Student Loans

Student loans are a little easier to get without a cosigner.  This is because lenders understand that a lot of students going into college are just graduating from high school and have not had the opportunity to grow their credit.

A popular type of student loan that does not require a cosigner is a Stafford loan.  These loans are available to students who are full or part time as well as graduate or undergraduate students.  Often times with this bad credit loans your credit is not even checked.

There are other federal student loans that are available to you.  You should check with a financial aid office at the school you are attending to see if they can give you some advice.


Lenders want to reduce their risk of losing money because you do not pay the loan back.  This is the reason why a cosigner is often required.  There are other options out there that do not require a cosigner.  You should check with your lender to see what your options are.

Open Door Loans for Students

Loans for Students

Loans for Students

Deciding to go to college or university is a tough decision. It means an investment of just about all your time, money and energy into something that you hope will help you in the future. There are many indecisions and unknowns when it comes to studying, mainly in that you often don’t know whether or not you have financial stability in your future. The life of a student is often a poor one, with many bills and little income and financial support. While many people turn to student grants, loans, and scholarships for their money, sometimes even those things aren’t enough.

As a student it’s extremely hard to get addition loans. Most banks and lenders won’t lend to you because they have requirements as to credit scores, history, and more. You need to be able to prove your financial prowess, so to speak, and most students can’t do that as they’re just plain broke. If you don’t want to go the route of a traditional loan when times are tough and you need something faster and easier, then consider getting open door loans.

What Are Open Door Loans?

  • Open door loans are a type of loan that are
  • Extremely easy to qualify for,
  • Fast to receive,
  • And accessible to just about everyone.

These loans are easy to get because they are done completely online. You can visit a lenders website and within a matter of hours be able to access the money you need. The application process is simple, and it will only take you minutes to make it through from start to finish. Once your application is submitted, the wait can take less than a few hours. is the perfect place to start with when looking for open door loans. Their faq page will give you all the details you need.

The lenders of open door loans are usually very lenient as to who can and can’t get these loans. Most students should be able to qualify so long as they’re over 18 and have a bank account. There are a few more requirements to fulfill—mainly that you have to pass the lender’s credit check—but these are also extremely easy. Once you’ve submitted all your information, you should receive notice within hours or even minutes about your qualification.

When You Should Borrow
Note that these loans aren’t for everyone or for every situation. These loans are short term, and if you need something longer term you might need to choose a different loan program. But for fast and quick, nothing beats open door loans.