Are you ready to be a co-borrower?

Because most students have little or no credit history or income, they often need someone else to co-sign or co-borrow their private loan with them.

What does a good co-borrower have?

To be a good co borrower, you should have:

• A good credit history with more than 18 months of borrowing, 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
• A monthly income of at least $1,250 to apply.
• Be a U.S. citizen and 18 years or older
• A good understanding of your credit. For a copy of your free credit report, visit www.AnnualCreditReport.com

How does a co-borrower help the student?

When a student borrows CLC’s private loan, CLC^® Premier Loan, having a co-borrower:

• Always lowers the interest rate of the loan
• Can lower the origination fee
• Can increase the amount of money that a student is eligible to borrow (if the school agrees that it’s needed)

How does CLC help you?

Apply to have your name removed from the loan after the first 24 months of consecutive on-time payments.

Ready now?

If you're ready to be a co-borrower, just gather this information and apply online for instant preapproval:

• Driver's license
• Income and employment information
• Monthly house payment
• Social Security Number and/or proof of citizenship

Have the student apply first by clicking here. It will only take the student a few minutes and, in most cases, you can co-sign the loan immediately after the student applies.