A co-signer of a student loan is someone with good credit who jointly signs the promissory note for a loan. This person assumes responsibility for repaying the loan with the primary borrower. Co-signers are different from endorsers – who is a person with secondary liability for a loan; if the primary borrower does not make [...]

It is very difficult for students to be approved for a private student loan on their own. As such, if you are a student borrower, without an established credit history and a current, steady income: You WILL need a co-signer for a private student loan. Your co-signer must have “good” to “excellent” credit and an [...]