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Can your mom cosign a student loan for you and your brother?


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Answered 2008-05-15 10:34:30

I don't know, can she?

Only the lender can answer that question.

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I assume you mean how do you get your name off the car LOAN! The only ways to do that would be to either pay off the loan or have your mom refinance it under just her name (or get someone else to cosign THAT loan)


The short answer is no. After 25 years and you still have a student loan, your student loan turns into a living being. This living being then becomes your step-dad. Then, after your 50th birthday, the student loan eats your mom and you, and you become another student loan, destined to be put on someone.


There is a free budgeting web app with a feature called Credit Card Debt Terminator which can be used as a Student Loan Terminator. This feature is built right into the budget and it makes it very easy to maximize the loan payment as part of an overall budgeting strategy to help pay off the loan as fast as possible in each personal situation. Short of getting an inheritance to pay off the loan, this is a very good way to optimize a student loan payout strategy. The free web app is called Out Of The Dark (OOTD) Budgeting at: www.myootd.org


Because you are my brother or sister.


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I am in college my mom defaulted on bankruptcy how can I get a loan to go to school?


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Techniquely No, but he does have a brother, just not from the same mom. :]


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