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Old 07-17-2012, 02:57 PM   #1
Senior Member
 
Join Date: Apr 2009
Posts: 1,416
Private loans

A random question, but does taking out a private loan with a family member who is the cosigner affect your financial aid at all?
icedragon is offline   Reply   
Old 07-17-2012, 03:08 PM   #2
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Join Date: Aug 2006
Posts: 15,505
No it does not. That the money is a LOAN not a gift makes all of the difference in the world. You are paying for that portion of cost with your future income.
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