Picture this scenario: your child has been accepted to the college of her dreams and will be crushed if she isn’t able to attend. You know she will prosper at that college, but you also have no idea how to pay the astronomical tuition. Is cosigning a student loan an option? First: Take a deep breath. You’re going to find a way, because that’s what you...
Category Archives: Student Loans
… with lots of road blocks. And it makes sense why. If you need a cosigner to qualify for a loan, one (or more) of these things is true:
- You have a troubled credit history and a low credit score
- You have no credit or your credit history is very short
- You are asking for a larger loan than your current finances can support
Did you know that there are five different ways to qualify for student loan forgiveness? And as long as you make your required payments on time, your credit score will not be hurt by entering into one of these plans. Each program has its own rules and regulations… so we made this handy checklist for you to start your investigation.
- If you are a teacher or education professional...