Private College Student Loan

Do you need to be 18 to apply for a Chase private student loan?

I'm 17 until December, and the semester starts in August. I'm registered and enrolled and everything, but I'm wondering if I have to be 18 to apply to one of these loans even with a co-signer? Anyone know? Thanks.

Public Comments

1. You just need to be in college, I took one out last semester. They are nice, but in the end you have to pay a lot back... For the time being... Its good to have money in your pocket.
2. Certain student loans require a cosigner if the student or parent soliciting a loan does not meet minimum credit requirements to receive a loan. This applies to both private and some federal loans; the PLUS loans for graduate students, which can be received by parents or students, have minimum credit requirements, and in either case, parent or student can use a cosigner with good credit to sign on the loan. Getting student loans without a cosigner is possible<!--being a cosigner is a significant risk, as the cosigner will be responsible for any debt the borrower does not pay. The Stafford federal loans do not require a credit check or cosigner, and should be the first step in your search for college funding. http://best-loans.awardspace.com/student-loans.htm If you do not have any resource for receiving family assistance for attending college, you may qualify for financial aid, subsidized Stafford loans, or the subsidized Perkins loan, which is the hardest loan to attain but the best offer available. If you have a good credit rating-->lenders will offer you Prime interest rates on your student loans; if you have no credit or bad credit, they may ask that you have a cosigner. Ask at several different financial institutions what they can do to accommodate your education finance needs.Usually bad credit loans are given at a higher interest rate and/or with extra fees, but you can lower this number by calling different lenders and demanding the best possible rate.
3. I would think the creditor would want an 18 year old. Your school is considered a necessity and may be the reason it is a loan that is exempt from being of normal legal capacity to enter contracts. I would think it would be a cleaner loan if there was an adult co-signing, but I don't keep up with student loan issues. There is no harm is asking.
4. I would expect that they would talk to you now, but not allow you to sign anything until you are 18. Until you are 18, no contract that you sign is legally binding for you, but it can be for them. In other words, they are left wide open to not get paid back. A few more to try: http://www.getstudentloan.info/
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