What is a cosigner?
A cosigner is someone who becomes jointly obligated on a loan with the borrower, and assumes responsibility for the loan if the borrower fails to repay it.
How can a cosigner help my chances of getting a loan?
For the Academic Answer Loan, you can add a credit-worthy cosigner without reapplying. The better credit score between the borrower and cosigner is used to determine the interest rate and fees provided all other criteria are met.
Can my cosigner be released from the loan?
The cosigner can be released from liability after the first 48 initial, consecutive principal and interest payments are made on time. The borrower must meet credit criteria on their own at that time, but the interest rate is not recalculated if it was based on the cosigner's credit score.
Once the application is submitted, you will receive an immediate credit decision.
Adding a Cosigner
Our online application has made adding a cosigner to your Academic Answer loan an easy process. Here's how it works. Using the apply link below, simply have your cosigner fill out the form provided by our servicing partner, AES, on their Web site. Be sure to provide your cosigner with your Social Security Number so we can add them to your application. Completion only takes about 15 minutes.
Apply as a cosigner for an Academic Answer loan.
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