Asked in Personal FinanceLoansStudent Loans and Financial AidMoney Management
Is the cosigner of a private student loan hindered from getting other loans?
January 20, 2008 10:51PM
The cosigner of a private student loan can and will be hindered if late payments occur. Another downside to said cosigner, that is if they are in school, just like most everything else they best have the money to cover these loans in some type of colateral.