They say that no money spent on education is wasted. But higher learning certainly doesn't comes cheap anymore. If there's a student with college dreams in your family, they may need cosigning support to help close the gap and secure the diploma they're planning to seek. Understand the questions you'll want to consider when weighing the options of cosigning. Cosigning a loan isn't a gift of funds, it includes a repayment agreement where both parties share responsibility.
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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities. All information, including rates and fees, are accurate as of the date of publication.
This article was originally published on August 11, 2016, and has been updated.