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?
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.
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
(Posts: 249 | Credits: )
Sub: #2 posted on Wed, 12/16/2020 - 02:25
(Posts: 398 | Credits: )
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
(Posts: 273 | Credits: )