Read This Before Cosigning a Private Loan

- Tweet0
- 0
- Pin It 0
- 0
- Subscribe to RSS
Subscribe

Subject: Read This Before Cosigning a Private Loan

View online

Lending an Ear

A weekly guide to financing college.

April 28, 2024

What You Should Know Before Cosigning a Student Loan

Undergraduate students typically need a cosigner in order to be approved for a private student loan. If you plan to become that cosigner, make sure you understand what your responsibilities will be.

A Parent Shares Advice About Helping to Support Your Student After College Graduation

You may have a plan for how to pay for your student's college degree, however some students may need additional financial support immediately after graduation. One parent shares advice about what to consider and how to plan ahead.

Our COMPARE COLLEGE OFFERS TOOL (CCO) has been collecting offers from this current admission season. We now have over 10,000 offers shared so far!

Families can share their students' admissions acceptances/offers and see real data from this year and past years.

Use our CCO tool to:

share your student's college offers
see real offers in real time submitted by other students
get a sense of how fair your student's college offers are
decide whether to appeal

SHARE & COMPARE NOW!

If you need help putting together a financial aid appeal, let us know. We offer a financial aid appeal review.

Our Private Lenders Suggestions

(Variable APRs as of 4/25/2024)

Note: We recommend you borrow federal student loans first. Once you've exhausted your federal loan eligibility, carefully compare your options from private lenders.

➡️ Ascent (Cosigned) 6.22% - 16.08%*

➡️ SoFi 5.99% - 14.70%*

➡️ College Ave 5.59% - 16.69%*

➡️ Sallie Mae 6.37% - 16.70%*

➡️ LendKey as low as 6.08%*

➡️ Citizens (through Credible) 6.97% - 15.03%*

*Rates are based on automatic payment discounts of 0.25 percentage points.

Before you commit to a private lender, check out Juno to see if you're getting the best loan rate available for your credit profile.

We're Here to Help You!

📊 Download our FREE Student Loan Comparison Spreadsheet.

🐻 Use Mama Bear Legal Forms to make sure you can help your student in an emergency. Enter promo code Road2College & save 20%.

💰 Compare your student's college offers to what other student's have received with our FREE Compare College Offers tool.

🎓 Protect your college investment with GradGuard tuition insurance.

📽️ Watch our popular Financing College videos.

💻 Join our free PFC101 Facebook group and connect with other parents on the paying for college journey.

Got Questions About Paying for College?

We're Lending an Ear and Answering!

Submit your questions here, then check back each week as we highlight the most pressing questions and share our advice.

Our R2C Content Team is dedicated to helping families navigate the

ever-changing world of college admissions and financing.

Lending an Ear is written & edited by Becca Blauch.

Disclaimer: The information provided in this email is for general informational purposes only. Road2College is not a financial advisor or planning service, and as such, cannot be held responsible for any direct or indirect circumstances. Please consult a licensed financial professional before making any financial decisions. Road2College may receive compensation from products and links featured in this email. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding.

Subscribe

Subject: Read This Before Cosigning a Private Loan