For private studnet Loans I recommend trying both Chase Bank, which has a little know private student loan division you can reach through http://www.usadegrees.com/chase/ and Student Loan Advisors at http://www.StudentLoanAdvisors.com/

Private loans operate a little differently from federal loans. The payments can be deferred just as a federal loan, however the money is sent directly to you and then you use it to pay tuition, rent, book fees or even buy a laptop.

The rates can vary from lender to lender and that is why I suggest applying at both. They have online application requests you can complete in a few minutes and they will usually call you back wihtin one business day.

I am sorry to hear that you were denied federal student loans. I too have been hampered by my parents’ income, even though I was independent and it really stinks! You can still get private student loans that will cover you up to the Cost of Attendance (COA) published by your school. COA is determined by your school and should be on their website. There will be two numbers, one for students living on campus and one for students living off campus. Once you know that number, you can apply for a private student loan up to that amount. I used Citibank for mine. I already had my federal loans through them and they had the lowest interest rate. The main problem was that they required a co-signer since my credit wasn’t the best. Hopefully your parents or a relative would be willing to do this for you. The loans will still go into deferment while you are in school, but the interest will accrue, so make sure to shop around for the best deal and only take the money that you absolutely need. Good luck!

Students who are looking for a bad credit student loan should pick three schools they are most interested in, talk to the admissions office, and ask what is needed to apply in their school.A bad creditdepending on whether you are a homeowner or not. The rate of interest to be paid on unsecured bad credit student loans is higher than that on secured bad credit student loans. This is because the secured bad credit student loans are backed by your home as a security.