co-signing questions

Paying for College
1

<p>Is it easier to get approval to co-sign for an undergraduate loan than a graduate school loan or is it basically the same standard? Also, is it more difficult to get simultaneous approval to co-sign for two undergraduate students than it is for one? Is it like a PLUS loan where if the parents have a certain certain credit score they’ll be approved? Or are the amounts being borrowed and currently outstanding considered? </p>

<p>Under very specific circumstances, I co-signed once for a family member. There may be a situation looming on the horizon in that same family so I’m trying get an accurate assessment of the situation and to lay some groundwork for saying no without damaging family relationships.</p>

<p>Thanks in advance for experience and insight. </p>

2

<p>Has the first loan been paid off? Or are you still on the hook for it? If it hasn’t been paid off completely, that would be an argument in favor of not co-signing for anyone else.</p>

<p>If the loan has been paid off, then maybe it is relative#1’s turn to co-sign for a family member.</p>