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Cosigning a student loan is a significant commitment that shouldn't be taken lightly. That's why it's crucial to carefully consider the long-term implications, and you should only do so if you ...
For student loans, it greatly depends on the loan — for example, federal Parent PLUS loans discharge the debt when a cosigner (or parent) dies, while private student loans may require full ...
Getting a student loan can be complicated, and one way to improve your odds is to get a co-signer (or guarantor). Many borrowers resort to this option for a variety of reasons -- for instance, some...
Most students need a cosigner in order to qualify for a private loan. [11] Many international students can obtain private loans (they are usually ineligible for federal loans) with a cosigner who is a citizen or permanent resident. However, some graduate programs (notably top MBA programs) partner with private loan providers.
The answer depends on the type of loan you qualify to get and a host of other financial factors. Here's the basic information you'll need to know.Image credit: Getty Images.
A co-signer takes on all the rights and responsibilities of a loan along with the borrower. This means that if the borrower can’t make a payment on the loan, the co-signer is responsible.
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