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