Private trainee Loans is other alternative that comes into force rescuing students who have a bad prestige history. I have heard of many cases where students apply for loans as a supplement with their Stafford or Perkins loans. In other cases, I have seen people applying for trainee loans with underground organizations when their Stafford loan amount comes to an end.
There are many financial institutions that offer underground trainee loans with bad credit. The only fuss in the deal is the requirements of the financial institutions. Most entities that I know of providing this assistance would require a Co-borrower or a Co-Signer. This means as a trainee you and your parents would need to sign on the loan agreement agreeing to repay the loan.
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In clear cases where you have repaid some installments of a former trainee loan independently, you would be given the authority of branching away the Co-borrower. This is known as Co-Borrower issue and by doing so, you ensure that the loan repayment is entirely yours. This also puts you in a position where you are not hit by the prestige History of your Co-Borrower. Both of you are separate entities speaking from the loan perspective and you would hence need to take charge of repaying your loan off.
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