The biggest pro of cosigning your child's student loan is obvious: You'll help them attain the education they need to secure their financial future. Plus, cosigning a private student loan is often the best way to fill tuition gaps at the lowest interest rate possible.
The biggest con is obvious, too: If your child doesn't pay for some reason, you may be on the hook. However, there's more to cosigning than meets the eye. Let's take a closer look at some things you should think about before you cosign your child's student loan.
The Stafford Loan is a federal student loan offered by the U.S. Department of Education to help eligible students pay for college.
You may see this loan referred to as a Federal Stafford Loan, a Direct Student Loan, or a Direct Stafford Loan. The good news: they all mean the same thing. However, there are two types of Stafford Loans: subsidized and unsubsidized. Let's talk about each.
Does the idea of living in a spacious apartment or sharing a large house with a bunch of your friends sound pretty tantalizing?
If you’re eager to get out of your crowded college dorm, you might be thinking about off-campus housing. With all of the freedom and space that comes with truly being on your own, you may be ready to sign on the dotted line right now.
Congrats! You've been accepted to college. Now you just need to figure out how to pay for it.
But before you start digging through your car for any loose change you can find, you might want to take some time to check out all of the resources available to help you pay for college in the state of Florida.
Worried about how to pay for college? Not sure if—or when—you should apply for private student loans? Here's the three-step plan you need to implement:
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