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Can me and my parents both take out student loans for my future studies?

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I have to take out student loan for my future studies. I just want to know can me and my parents take out the loan together? I mean 50% of the requirement will be taken by my parents and the remaining 50% me?

Are you a dependent student or an independent one?

I think the Parent PLUS loan will be ideal for you if you are a dependent student.

Sub: #1 posted on Tue, 12/15/2020 - 01:02

Ryan Miller Ryan Miller

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Some lenders may give you this option depending on your credit score. But if you ask me, I would never suggest you to involve your parents on student loans. Spare them from this ordeal. You should take out a student loan in your name only.

Sub: #2 posted on Wed, 12/16/2020 - 02:25

David Martin David Martin

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Hi Jemene! Yes, you can ask your parent to take out a Parent PLUS Loan and be a co-signer of the same.

Moderator note. Plus loans are taken out by the parent for the benefit of student. There is NO cosigning by the studen.

Sub: #3 posted on Sun, 12/20/2020 - 22:16

Craigh.terry Craigh.terry

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