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Cosigning For A Private Student Loan – Pro’s & Con’s

Cosigning For A Student Loan

Cosigning for a private student loan can be advantageous for the borrower or a pitfall for the cosigner. 

Private student loans are issued based on the borrowers credit. This means two things for those applying for a private student loan.

  • The loan will be based on the borrowers credit score
  • Normally, the better the credit score, the better the interest rate

What this means to you

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This is a preview of Cosigning For A Private Student Loan – Pro’s & Con’s (759 words, 5 images, estimated 3:02 mins reading time)

Posted by The Student Loan Guru - February 2, 2007 at 7:41 pm

Categories: Student Loan Consolidation   Tags: , ,