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.
Can a UK resident co-sign for a student loan for a student who is a US citizen going to school in the US?
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 you didn't cosign your husbands student loan and it's in default can you get student loan andor Pell grant?
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
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.
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.
If your parents are in bankruptcy and you need a student loan can your grandmother cosign if she is on Social Security and disability?
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.
If you cosign a student loan and cancel within 4 days of the first disbursement but bank refuses to cancel it is the cosigner responsible for payment?
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)
Can the cosigner of a student loan be removed when the loan owner stopped paying because she was convinced to by a third party who used defamation of character against the cosigner?
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…