What Happens If You Need a Cosigner?

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Ideally, you want to have these student loans refinanced under your name only. Sometimes you need a cosigner. Make sure you and the cosigner understand the legal commitment you’re undertaking when they cosign a loan for you. Additionally, research to see if the student loan lender offers a cosigner release.

Some lenders offer a cosigner release form that removes the financial obligation of the cosigner after the principal borrower has made on-time payments for a period of months.