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Are private student loan cosigners in danger if you default on other loans they didn't cosign?
Wiki User
∙ 13y ago
OP here with more details: the private student loans they are cosigned on are current/paid on time, but other private student loans (with the same lender) are about to default. Can this in any way cause problems for my cosigner?
Wiki User
∙ 13y ago
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Can my husbands wages be garnished if I default on my student loan?
Not if he did not cosign on the loans.
Can an employer co-sign for a student loan?
Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
If you didn't cosign your husbands student loan and it's in default can you get student loan andor Pell grant?
In the US, the answer is yes you can. If your husband need help with consolidating his defaulted student loans, please click on the link under the "Related Links" section below.
Can you co-sign student loans for two children?
Yes, it is possible to cosign for student loans for two children. To cosign, one will have to meet the credit requirements.
If you cosign a student loan will you still be eligible for a student loan for yourself?
YES
If i cosign a loan for refinancing a home for a family member and they default what can happen?
You will be responsible for the money.
Can an illegal alien cosign loan?
SURE!! BUT GOOD LUCK TRYING TO FIND HIM WHEN THE LOAN GOES INTO DEFAULT!
What does cosign mean?
a cosigner is someone that also signs a note, meaning that if the original signer dose not pay the obligation the second signer or cosigner must pay. It means, if the person getting the loan does not pay it off, the cosigner is responsible for paying the loan off.
Can you co sign a student loan with bad credit?
In the USA, if the student loan is Federal like a Stafford or Perkins loan, then yes you can cosign with bad credit. If the student loan is a private student loan, then no, you must have good credit. Keep in mind, you should never take out private student loans out until you have used up Federal loans, grants, and scholarships. Private student loans have high interest rates and no benefits.
If i cosign a student loan what are my responsibilities?
Go to salliemae.com and that will give you all the info. you need.
Can your mom cosign a student loan for you and your brother?
I don't know, can she? Only the lender can answer that question.
