In a nutshell, I am a 27-year old independent student with scores of TU595, EQ533, EX561. I have no CA accounts, but I do have 2 "30-days late" accounts from May 2008. I am in the process of lowering my credit card account balances, which is the reason for my low scores. I have about $17k in Stafford loans for my B.A., $45k in Stafford loans for my MBA, and I was recently accepted for a 1-year AA program for this coming fall. I received my financial aid award for the AA program; however, because my wages were high in 2007, my EFC was about 80% of the tuition. At this point, I am in NO position to pay the difference between my EFC and my tuition and fees. Also, neither of my parents have scores that would improve my chances of being approved with a co-signor. With my scores and the lack of a credit-worthy co-signor, what is the likelihood of me being approved for a private student loan? Many thanks in advance!
