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If you owe 250000 in student loans will you be approved to cosign a student loan for someone else?

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Answered 2011-09-12 22:06:58

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.

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Related Questions

If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?


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.

If you cosign a student loan will you still be eligible for a student loan for yourself?


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.

How many time can you cosign a car?

how many times can someone cosign a car

Can my husbands wages be garnished if I default on my student loan?

Not if he did not cosign on the loans.

Can someone not related to you cosign a car?


Will I be able to get a student loan if you cosign on someone elses for about 50000?

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.

If i cosign a student loan what are my responsibilities?

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

If you cosign for a student loan for your spouse you get divorced and he refuses to pay can you sue him for payment?


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.

Can a person without a drivers license cosign for someone?


Can a UK resident co-sign for a student loan for a student who is a US citizen going to school in the US?

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

When you cosign for someone how long are you required to be their cosigner?

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.

Can a spouse with good credit cosign a student loan for their spouse with bad credit?

That is decided by the LENDER.

Can a minor cosign a loan with someone other than his or her legal guardian?

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

Can someone on social security benefit's cosign for a loan?

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.

Can someone on disability cosign a mortgage loan?

You need to ask a mortgage agent.

What is the cosign of pi?

The cosign of pi is -1

If you cosign a student loan can you deduct the interest if the first party does not? I doubt it.

If you cosign for a student loan does it show up on your credit report before or after the student starts making payments?

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

Can someone without a job co-sign on a car?

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

Can you get a auto loan but put the car in someone else name?

You can cosign but both names will be on title.

If you cosign for someone and they go bankrupt does it affect you?

You would be responsible for the note or loan you co-signed for.

Can someone else insure a car if the loan is in your name?

Depending on the state you must at least cosign.