Private loans for students?

cptofthehouse
Sat, 30 Jul 2011 09:59:39 +0000

My son has his bank accounts with Wells Fargo and has done an excellent job in his finances. He gets a similar offer for borrowing each year. It seems that the max that he could borrow is $25K on his own, though it is not completely clear. It stipulates that he MAY need a co signer and that even if he qualifies for any amount without a co signer, his interest rate would probably be lower with a co signer with a strong credit history. Who knows if he would even get a dime in proceeds without a co signer and what the interest rate would be even with?