A co-signer is a willing individual who agrees to be equally accountable for your private student loan debt should you fail to repay. Most federal student loans (with the exception of the parent PLUS loan) do not require a co-signer, but private student loans may.


A co-signer’s strong financial history could help a borrower’s chances of receiving a loan. Failure to pay the debt will harm the financial well-being of the studentĀ and the co-signer.