What are the credit factors for private student loans?

T S asked:


I am trying to accumulate financial aid for this upcomin fall semester and it is a lot harder than it was a year ago.

I’ve tried applying to 3 different institutions for private student loans and we keep getting denied. And I also have a cosigner. My cosigner has the same credit score that she did a year ago (when she cosigned on my loan for last year) and she isn’t getting approved other…..so what else factors into the loan decision? What makes this year different from last year?

Also, what other sources of financial aid can I try…private student loans were my last resort.

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