Read This Before Cosigning a Private Loan

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Subject: Read This Before Cosigning a Private Loan

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Lending an Ear

A weekly guide to financing college.

April 23, 2023

What You Should Know Before Cosigning a Student Loan

Undergraduate students typically need a cosigner in order to be approved for a private student loan. If you plan to become that cosigner, make sure you understand what your responsibilities will be.

A Parent Shares Advice About Helping to Support Your Student After College Graduation

You may have a plan for how to pay for your student's college degree, however some students may need additional financial support immediately after graduation. One parent shares advice about what to consider and how to plan ahead.

Mark Your Calendar

How to Pay for College: Wednesday, April 26, 2023 at 8pm ET 🔥 HOT TOPIC!
Financing Your Student's Education: Sunday, May 7, 2023 at 8pm ET
Financial Aid and Changes To The FAFSA: Sunday, May 21, 2023 at 8pm ET

Our Private Lenders Suggestions

(Variable APRs as of 4/20/2023)

Note: We recommend you borrow federal student loans first. Once you've exhausted your federal loan eligibility, carefully compare your options from private lenders.

➡️ Ascent (Cosigned) 6.01% - 15.32%*

➡️ SoFi 4.99% - 13.07%*

➡️ College Ave 4.74% - 15.32%*

➡️ Sallie Mae 5.62% - 15.95%*

➡️ Citizens (through Credible) 5.17% - 14.83%*

*Rates are based on automatic payment discounts of 0.25 percentage points.

Use Our Compare College Offers Tool to Appeal Financial Aid

For the past few years, through our Compare College Offers Tool, we've worked to bring transparency to how colleges are awarding financial aid. We're accomplishing this with your help—crowdsourcing and sharing student acceptances, merit scholarship offers, and need-based aid.

If your student has received any acceptances, please share them now and see real data from this year and past years. You can use this information to decide if your student should appeal for additional financial aid.

Share Now

(Information shared is anonymous.)

Mama Bear Helps You

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Questions About

Paying for College?

Ask Us!

Submit your questions here, then check back each week as we highlight the most pressing questions and share our advice.

Our R2C Content Team is dedicated to helping families navigate the

ever-changing world of college admissions and financing.

Lending an Ear is written & edited by Becca Blauch.

Disclaimer: The information provided in this email is for general informational purposes only. Road2College is not a financial advisor or planning service, and as such, cannot be held responsible for any direct or indirect circumstances. Please consult a licensed financial professional before making any financial decisions. Road2College may receive compensation from products and links featured in this email. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding.

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Subject: Read This Before Cosigning a Private Loan