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Should parents cosign for a student loan?


A recent hub discussed the problems college students and graduates are facing with student loans (http://davenstan.hubpages.com/hub/America-in-Debt-The-Price-of-Student-Loans). Parents want their children to do well and will make almost any sacrifice for them. But, should a parent cosign for a student loan? If the student cannot repay the loan, it will now be the parent's responsibility. Now, not only can the loan ruin the student financially, it can also ruin the parent.

 

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BLACKANDGOLDJACK profile image82

Best Answer BLACKANDGOLDJACK says

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Joan King profile image80

Joan King says

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bankscottage profile image93

bankscottage says

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