Can an employer co-sign for a student loan?

Not if he did not cosign on the loans.

The loan you cosign is going to count as a loan that you have. If you have the income to support that loan, plus yours, from a loan officer's point of view, you may be able to get a loan. Generally, though, cosigning is a bad idea for anyone.

the answer is NO, to cosign a loan you have to be a US citizen or Permanent Resident. in most cases applicant must have SSN and be a PR in the united stated to cosign

Go to salliemae.com and that will give you all the info. you need.

I don't know, can she? Only the lender can answer that question.

That is decided by the LENDER.

Yes, there are a number of student loan options for those who can't get anyone to cosign and those who have bad credit. One option is a federal loan.

Yes, there are a number of student loan options for those who can't get anyone to cosign and those who have bad credit. One option is a federal loan.

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.

http://www.ird.gov.hk/eng/faq/ctr.htm#item5 I doubt it.

Grandparents might not cosign a loan because they might not trust a grandchild or the grandparents might not think they will have the income. Sometimes grandparents simply do not like to cosign loans. Ask the grandparents. Most grandparents will give an explanation.

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.

It shows on your credit report even before they start making payments.

absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.

If the creditor chooses to report the loan, then yes, the account will show on your credit report. A co-signer is 100% liable for the balance of the loan, whether reported or not.

You can apply by yourself as you long as are 18 yrs or older. Talk with your school councelor. There are plenty of lenders that specialize in student loans. FAFSA (Free Application for Federal Student Aid) is a great start. There is alot of information as well as filing for student loan thru them. Most are student loans that will be on deferment til you are out of school for whatever reason. www.fafsa.ed.gov

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.

In all liklihood not, and why would you? If that person defaults in any way, you then become responsible for not only your own debt, but theirs as well.

Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.

Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.

No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.

YES IT DOES....IF THAT STUDENT LOAN DOESNT GET PAID OFF BY THAT PERSON IT WILL COME BACK ON YOU AND CAN MESS UP YOUR CREDIT.MY FATHER COSIGNED FOR MY SISTERS STUDENT LOAN.BAD MOVE!!! BUT YOU LIVE AND LEARN......SO THINK ABOUT IT FIRST. Yes, it does. The reason is because you have to assume responsibility is left unpaid. This is considered debt to you.

Yes, it is possible to cosign for student loans for two children. To cosign, one will have to meet the credit requirements.

my aunt receives social security benefits as her only source of income and she was able to co-sign on my student loan. they are basically looking for someone with good credit and some sort of income.Your grandmother will be fine to co-sign.

You, not your employer, are responsible for paying off your debts. Student loans come due when you are no longer a student. Once you get a job you need to begin setting aside some of your earnings to repay your loan. If you don't repay your loan, and it is a federal loan, the IRS can (and will) deduct your loan amount from any tax refund you may have coming.

Two people would need to cosign an agreement when for example, parents need to cosign the loan application for their child or to help a friend in need.

If the loan was disbursed, it's too late to cancel unless the entire amount is returned to the lender. but you can just as easily turn that loan right around and prepay the disbursement.

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?

SURE!! BUT GOOD LUCK TRYING TO FIND HIM WHEN THE LOAN GOES INTO DEFAULT!

To cosign a loan is to guarantee payment if the borrower fails to pay.

Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.

For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.

It's up to the lender.

You make your first student loan payment when you commence work and fill in a form for your taxes. There is a box asking if you have a student loan from if you have graduated over 12 months ago (you do not need to tick this box if you have not graduated over 12 months ago but you must get your employer to inform them when you have been working for 12 months)

i was able to get an auto loan with the help of a cosigner and im under 18

ok Should not be a problem. A car loan is about credit, not driving.

Parent Loan: A parent is getting the loan Student loan: A student is getting the loan

It may depend on your local state laws, but generally, no. Once you cosign, you are liable for payments if the other stops paying, no matter the reason.

You need to ask a mortgage agent.

To cosign is to take on the financial responsibility of another's agreement if they were to default, such as cosigning on a loan. Cosigners are often required for loan approval if the initial signer has insufficient credit history or for any other reason is unable to qualify alone.

You'd need to ask your friends and family. No one you don't know is going to cosign for you, and a lot of people you do know may turn you down also. Answer If you need someone to cosign a loan because you cannot obtain it on your own, you should not get a loan. All you are doing, in essence, is passing on the problem to another person, who will likely end up paying…

Yes. It depends on their credit history and willingness to co-sign and take responsibility for your loan.

auto loan yes u can im 17 and i got a loan on a Toyota supra

You need a lisence to drive the car, but not to cosign a loan.

Anyone can if they have enough good credit. Relationship to you has no bearing.

You will be responsible for the money.

Cosign the loan

I am dealing with my own drama in a cosign arrangement. I have found that the only way to get your name off of the loan is to have her get a new loan through refinance.

Yes, only an adult can sign a loan. In most places that means you must be at least 18.

Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.