Applying
with a creditworthy cosigner may save you money! If you do not have an
established credit history or have a low credit score, you can apply
with a creditworthy cosigner which may help you:
- Get lower interest rates and fees.
- Qualify for a loan despite a low credit score.
My credit is good enough to get me approved - why should I use a cosigner?
The interest rates and fees on the Signature Student Loan are based on credit history. While you may be approved, when you have a creditworthy cosigner—like a parent or other relative, for example—you may have a better chance of lowering your interest rate.
Where in the application process do I indicate that I have a cosigner?
After you have applied and are given a credit decision, you will also be given the option of using a cosigner.
I
understand that my cosigner and I share liability for the loan. Will my
cosigner be able to transfer full liability to me at some point?
Creditworthy borrowers may apply for a cosigner release after making the first 24 consecutive, on-time payments of principal and interest. Your account must remain current until the cosigner release is processed and the cosigner removal is approved.
| Cosign for a Signature Student Loan |
Information you will need to have handy to cosign.
- The borrower applies for a Signature Student Loan.
- Cosign online with the confirmation number and PIN provided by the borrower.
Returning cosigner - Log in to check the status of your application. |
Contact Us
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- (888) 2-SALLIE (888-272-5543)
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