What they are, why you might need one, and everything in between.
What is a Cosigner?
Benefits of Adding a Cosigner
Adding a Cosigner Is Easy
Create an account
Log in, provide your basic information, and select the type of student loan you are applying for.
Invite a cosigner
Enter your cosigner’s name and email address. We will send them a request to cosign your loan.
Complete your application
Once you and the cosigner provide your financial information, we will review your application and give you the loan offers you qualify for.
Accept terms of your new student loan
Since you and your cosigner will both be responsible for your loan, it is important to discuss the terms of the loan and your repayment plan. Both you and the cosigner will need to accept these terms before the loan is disbursed.
Who Should Be My Cosigner?
They should have a stable job, make at least $36,000 each year, and have a good credit score.
Along with their ability to pay, they should be willing to accept responsibility if you can’t make your student loan payment.
Cosigners should never be strangers. You should know this person very well.