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.
The student, or primary borrower, will receive the bill for his/her private loan and will be expected to begin making payments. If the student is unable to keep the account current, the cosigner will need to make payments to keep the account current.
If a student misses a payment, or makes a late payment, it can impact your credit as a cosigner. You may want to assist your student with monthly budgeting after graduation, and in establishing good payment practices.