Do I need someone to co sign a student loan-any advice?
Answer:
Try to avoid co-signers if and when possible. For one thing if something happens to you, they are liable for your debts. If you do have a co-signer (even family member) take a term insurance policy with them as beneficiary to show good faith. I co-signed for a friend who became disabled. Guess who was liable to pay the debt? You may need a co-signer but treat that trust in you with complete integrity. Student loans cannot be dismissed even in bankruptcy. If you don't absolutely need a co-signer, do it on your own. If you do, get them off the account as quickly as you can. And don't even consider a co-signer with worse credit than you. You will both be judged with the interest rate as bad credit.
You may need a co-signer. Ask the financial aid office at the college you're at or are going to go to.
A word of advice. Take out as little in loans as you can afford and try to pay the interest on the loans while you're in school. Realize that student loans can come back to haunt you if you can't pay them. They can garnish your wages, take your tax refunds and you cannot declaire bankruptcy on a student loan. I don't mean to scare you but I have some experience.
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