Asked to co-sign a college loan

itsgettingreal21
Mon, 28 Dec 2020 15:35:48 +0000

I would have to think very hard about that and the likelihood of repayment. It is unlikely I would co-sign undergrad loans for someone but I could imagine doing it for grad loans. For me it would be about paying it forward. A family friend co-signed my grad loans. I didn’t realize what a big deal that was at the time. It wasn’t a huge amount though - ~$20k. I prioritized those loans and repaid them in a year and am forever grateful to that person.