Not Sure if you Have Access to a Co-Borrower?
Here are some other ways to find Money for school
Depending on your circumstances the lending market can be challenging. At times, depending on circumstances, some lenders will only consider a student loan if they can get a co-signer with excellent credit scores.
The student loans we offer are only available to US students. But our Canadian students have ways to fund their education here at Animal Behavior College. Here are some sources our Canadian students have used for years.
Personal Loans & Credit Cards
After careful consideration some students realize they may know people who would like to assist them. Maybe these folks do not meet the credit requirements our lenders are asking for but they may have access to low interest or no interest credit cards. Some of our students have been much more successful getting loans from their own banks (either by themselves or with a co-borrower). As a reminder, it is always easier to get a secured loan than an unsecured loan. People who own homes or have equity in their cars may find it easier to get approved through their banks. The truth is the loan amount you need to pay for your education here at Animal Behavior College is relatively small. We have Canadian students that have received personal loans from all the major banks in Canada.
If you or a friend or family member has a 401K or similar retirement savings plan, you might also borrow the money from there. Of course that is a serious decision and should never be made without checking with a tax professional first. The point to all of this is there may be options for funding your education that you hadn’t considered. Hopefully this page has helped.
If someone lends you money or puts the cost of your education on their credit card, you can write out a contract, set up direct deposit payments from your paycheck at work, or set up auto-payments with your bank. When you set up auto-payments, your bank will generate a check straight from your bank account and will automatically mail a check every month to your friend or family member that lent you the money. This way you will always make your payments on time, will never forget to send them a payment, and you will never put them in a position where they need to ask you for the money.
If you do not qualify for a student loan for whatever reason, we encourage you to seek out a co-signer. People in our lives often want what is best for us and want to help us achieve our dreams. Asking someone to co-sign for you on such a small loan with low monthly payments is a very low risk proposition for them. Our students are surprised all the time to see how eager people are to help them.
With the popularity of social media, the use of crowd funding can be another possible means to raise money for education. Sites like www.gofundme.com and www.indiegogo.com are being used more and more by people who have a desire to go to school. The bottom line is, where there is a will, there is a way.