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.

Benefits of Adding a Cosigner

If you can qualify for a student loan on your own, that’s great. But a creditworthy cosigner may help you qualify for a student loan if you’re unable to qualify on your own. Also, a strong cosigner may help you qualify for a lower interest rate, even if you qualify for the loan on your own.

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.


Include a cosigner

Enter your cosigner’s information or we'll send them an email invitation 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.

Who Should Be My Cosigner?

Cosigners are typically family members but they don’t have to be. You should find a trusted individual who is willing to share in support of your education. As you’re looking for a cosigner, consider that they should be willing to accept responsibility if you can’t make your student loan payment.

Cosigner Requirements

  • CheckMust meet Nelnet Bank’s credit criteria
  • CheckU.S. citizen or permanent resident
  • CheckWillingness to accept responsibility for borrower’s loan
  • CheckYou must be of the age to enter a binding contract in your state of residence or territory.

What are you waiting for? Find the cosigner that’s right for you.

Get Started