An answer sheet for all the trending cosigner questions. Find answers to what everyone else has been asking about.
Cosigning a loan is an action that should never be taken lightly, because it can have serious implications to credit history. The loan appears on the cosigner’s credit report and can directly affect his or her credit as a debt owed.
You start paying for student loans six months after you graduate or leave college. Make sure the career you choose offers a salary large enough to repay your loans. A good rule of thumb is your payments should not exceed 10 percent of your net income when you graduate college.
Bank of North Dakota has a state-sponsored student loan for college to help fill the funding gaps when scholarships, grants, savings and federal student loans aren’t enough to pay for college.
The federal government offers four basic types of student loans; direct subsidized, direct unsubsidized, perkins loan and direct PLUS.
The first place to get student loans is the federal government. If you still need money to fill the gaps, consider private student loans.