Cosigning Student Loans Can Be Risky for Parents and Grandparents

From The Wall Street Journal

“The use of cosigners has increased in recent years as private student lenders have tightened underwriting requirements and seek to ensure repayment. Some 94% of the undergraduate private student-loan dollars given out during the first three quarters of the 2014-15 school year were cosigned—the highest on record—up from 77% in 2008-09, according to MeasureOne, a San Francisco-based firm that tracks student loans.”

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