Archive - January 2, 2012

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Things To Consider BEFORE Co-Signing A Student Loan

Things To Consider BEFORE Co-Signing A Student Loan

The number of parents and grandparents co-signing student loans is on the rise. As college costs rise, students may be forced to take out student loans in order to afford their degree. Banks and credit unions that issue private student loans typically require a co-signer before they will give a student money, and even some government student loans require a co-signer. Here are some things to consider before you agree to co-sign a student loan.

What does co-signing mean?
Many people have no idea what co-signing a loan actually means. They simply sign their name on the dotted line, and …

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