How to be approved for Private Student Loans?

I am trying to attend a 4 year university in california. I am 17 years old and the only co-signer I can use is my mother. We applied for various private student loans online and were denied from all of them? Is there any hope? I would like $15,000 loan and our annual income is 47k. What could be the problem?

Trade them your soul.............

Seriously you should try working your way through school and stay away from debt.... u do not want to be stuck paying off debt for then next 20 years after school....

If your mother is the only cosigner then you probably aren't getting the loan because she has bad credit.

You can still apply for a federal student loan without anyone cosigning for it.

Here's what you need to do:

1) Fill out the FAFSA. This will determine if you are eligible for financial aid. Go here:

http://www.fafsa.ed.gov/

2) Once you are eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it. For more info go here:

http://www.studentfinancedomain.com/student_loans/perkins_student_loans.aspx

3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here:

http://www.studentfinancedomain.com/student_loans/subsidized_stafford_loan.aspx

Good luck!

I am trying to help my two brother-in-laws that are stuck in a similar situation. We are trying to talk to the school to see what they recommend. Financial Aid is not an option because they did not get any! The only choice are private loans which we are having a hard time!