Co-Signing for Your Child

One of the ironies of lending is that it takes credit to get credit. Without an established credit history, students find it difficult, if not impossible, to borrow money for college. Even with an established credit history, students may find it difficult to meet all the qualifications for a loan without a little help from their parents.

NextStudent private student loans are low-cost education loans established in the student's name, so the borrower-your child-is responsible for making timely payments and repaying the loan as agreed. Co-signing for a NextStudent private student loan is one way parents can help their child qualify, and start building a good credit history of their own. In fact, co-signing for your child's loan is often the fastest and most direct route to student loan approval.

Without a co-signor, your child will need:

In return for your signature, your child receives affordable funding to meet college expenses, and builds a foundation for financial independence.