What they are, why you might need one, and everything in between.
What is a Cosigner?A cosigner is a creditworthy individual on your student loan who helps vouch for your ability to pay it back. They may also help you qualify for a better rate. They are equally responsible for the loan and for making payments if you’re unable to.
Adding a Cosigner is Easy
Create an account
Log in, provide your basic information, and select the type of student loan you are applying for.
Invite a cosigner
Enter your cosigner’s name and email address. We’ll send them a request to cosign your loan.
Complete your application
Once you and the cosigner provide the required information, we’ll review your application and show you the loan offers you qualify for.
Accept terms of your new student loan
Since you and your cosigner will both be responsible for your loan, it’s important to discuss the terms of the loan and your repayment plan. Both you and your cosigner will need to accept these terms before the loan is disbursed.
- CheckMust meet Nelnet Bank’s credit criteria
- CheckU.S. citizen or permanent resident
- CheckWillingness to accept responsibility for borrower’s loan