Student Loan Information for Seniors and Parents

February 13th, 2018
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Here is an updated guide for students looking for help to pay for college who don’t have cosigners from Lendedu.

Many students do not have eligible or willing cosigners to help them qualify for loans, so it is important for them to know their best options. There are many similar choices out there, including different types of federal and private student loans, and it can be a very confusing space to navigate.

Additionally, parents who are considering cosigning on their children’s student loans need to know the risks before doing so. In our research, we have found that many parents don’t know how cosigning can affect their credit score, eligibility for other loans, and more – and they are very surprised when they have to deal with the negative consequences of cosigning.

 

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