Allegra
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Sub: #1 Financially Panicked MoM
Replied on 03-15-2010, 08:16 PM
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I cosigned my son's student loans and private loan for $130,000. Now it's my daughters turn! Will the banks allow me to cosign loans for her as well?Do you know of any banks that are doing loan consolidations now? My sons loans are in repayment. No bank was offering consolidations 6months ago.




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Sub: #2
Replied on 03-16-2010, 06:10 AM
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I hope your son is an MD or some other professional for that high amount of private debt.

FYI....you ONLY cosign for private loans. Federal loans do not require a cosignor.

It is quite possible that you will have difficulty cosigning for your daughter. The lenders have tightened up their lending practices and getting them can be a challenge.




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