Why Would a Student Need a Private Student Loan?
Before our daughter got to the college stage, I thought the FAFSA, Free Application for Federal Student Aid, loan would be enough to get her through school. Wrong! It helps, but it sure doesn’t cover it all.
She had to apply for a bad credit private student loan, because she had no credit. I am not sure which is worse! Anyhow, her Dad co-signed for her; and she is now taking classes to do ultra sound scanning.
Fortunately, the only condition for the loan from the private company was that she had to have her Dad co-sign. I was afraid she would really have to jump through hoops to get the loan.
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