How do I know if I'll make a good cosigner?

Here are a handful of factors that you should consider if you've been asked to cosign a loan:

• You don't have serious derogatory items on your credit report
• You meet your credit obligations (for example, pay your bills in a timely manner)
• You are not currently over burdened with debt
• You have 36 months of credit history*
• You have steady employment with income sufficient to meet current debt obligations

As a cosigner can I be released from the loan?

The cosigner can be released from liability after the first 48 initial, consecutive principal and interest payments are made on time. The borrower must meet credit criteria on their own at that time, but the interest rate is not recalculated if it was based on the cosigner's credit score.

Applying as a Cosigner is Easy

Our online application has made applying as a cosigner an easy process that only takes about 15 minutes. With your student's social security number in hand, simply select your state of residency and click "continue" to complete the application provided by our servicing partner, AES.

* Either the borrower or cosigner must have 36 months of credit history with three trade lines that are either open, paid off, or closed (none of which can be authorized user accounts), and at least one of the three trade lines must be designated as an installment or mortgage loan.  Deferred student loans will not be considered as a trade line.