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No, a student loan is typically considered an unsecured loan because it is not backed by collateral like a house or car.

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AnswerBot

5mo ago

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What is a creditworthy cosigner for a private student loan?

a secured loan


Is a mortgage considered a bond type security?

No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.


Is a credit card considered a secured or unsecured loan?

A credit card is considered an unsecured loan.


Can a student loan be considered a unsecured debt?

A student loan is an unsecured debt. To be secured, there needs to be something, generally phyisical (but not always), that can be taken (repossessed), and sold to satisfy the debt if it isn't paid. Kinda' hard to take back an education!


Is a mortgage considered an unsecured loan?

No, a mortgage is not considered an unsecured loan. It is a secured loan that is backed by the collateral of the property being purchased.


Can you get a loan if you are a co signer for a student loan?

If you have a good enough income to qualify since the student loan is considered your loan.


What is a secured loan?

what is a secured loan


Is a car loan considered a secured loan?

Yes, the vehicle itself is considered collateral and the lender remains on the title until the loan agreement is fulfilled.


Do the terms buying and owning a home mean the same thing when applying for credit?

No, a house is considered a secured loan. When you apply for credit it will be either a secured or an unsecured loan.


Is a land loan considered a mortgage?

Yes, a land loan is considered a type of mortgage because it is a loan that is secured by the property being purchased, similar to a traditional mortgage for a home.


What is considered to be a high interest rate on a student loan?

The interest rate on a student loan depends on the year it was established, the type of loan, and the habits of the student paying back the loan. Generally, 6.9% is considered to be in the high range, but lagging behind payments can increase the loan amount up to 14.0+%.


What is a partial secured loan?

Where only part of the loan is secured.