Private Student Loans 1.800.2COLLEGE®

Find and Compare Private Student Loans

PrivateStudentLoans.com works with the nation's leading private loan lenders. When federal aid is not enough to cover the true cost of education, this tool can help you find the right private student loans, with competitive rates, to meet your needs.

Why Cosign?

Having a cosigner:

  • May help a student get approved for the money he/she needs
  • Can lower the interest rate and origination fee of the loan
  • Can increase the amount of money that a student is eligible to borrow (if the school agrees that it's needed)

Once a student has exhausted free money and federal student loans, a private loan is another option to pay for school. By becoming a cosigner, you will be helping your student pay for school costs like tuition, room & board, books, lab fees, computer, etc.

What Does it Mean to be Credit-worthy?

Your interest rate and fees will be determined by your credit, and that of the borrower. If you are interested in becoming a cosigner for a student, you should probably have the following basic qualifications to start:

  • A good credit history that displays charging and repayment with few or no late payments on your credit report
  • No excessive delinquencies, judgments, accounts that have been charged off or bankruptcies that were pending, filed or discharged in the past two years
  • No prior student loan defaults
  • Be a U.S. citizen and 18 years or older, or the age of majority in your state.
  • Verifiable income