Having a cosigner:
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.
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: