Co-Signer Information

For most private education loans, a creditworthy co-signer (also referred to as co-borrower) is required. Below are some FAQ's about selecting a co-signer.

Why is a co-signer important?

  • Many times it is needed to meet loan requirements
  • May help in receiving lower interest rates
  • May increase chance of approval
     

What makes a good co-signer?

  • Steady income at a level that meets debt obligations
  • All credit obligations are met
  • No serious derogatory items on credit history
     

What information will the lender require from the co-signer?

  • Social Security number
  • Personal reference information
  • Employment information