student loans

[Gibson486]

If you get a student loan for school from a bank, do you need your parent'a authorization?

 

[iamwiz82]

only if they cosign and you are over 18. I highly suggest you get a cosigner. It dropped my interest rate by 3%.

 

[pulse8]

I dunno.

Maybe ask the bank?

 

[j0lly]

If you can, try to stay away from loans till you reach the graduate level.

 

[Gibson486]

I just wanted to know because my g/f is gonna need it. The college she wants to attend is 30 grand a year and her parents are not giving her a dime.

 

[iamwiz82]

<< I just wanted to know because my g/f is gonna need it. The college she wants to attend is 30 grand a year and her parents are not giving her a dime. >>



if she doesnt get a scholarsihp or financial aid, tell her she had better find a new college. I'm paying 20k a year, and with help from the parents, i am collecting a nice $1040+ a year interest even though i'm still in school :disgust:

 

[Jfur]

<< I just wanted to know because my g/f is gonna need it. The college she wants to attend is 30 grand a year and her parents are not giving her a dime. >>



then tell her to declare independence and get off their tax deduction list -- the school will likely cover most of that if she is a strong scholar

 

[minendo]

i dont have my parents as a cosigner. as a matter of fact i dont have a cosigner

 

[mithrandir2001]

Don't use a cosigner. If you default on the loan, the bank will come after the cosigner and that will probably damage any personal relationship you have with them. Remember, banks can't suck blood from a rock.

 

[iamwiz82]

<< Don't use a cosigner. If you default on the loan, the bank will come after the cosigner and that will probably damage any personal relationship you have with them. Remember, banks can't suck blood from a rock. >>



no, but they can make sur eyou never have anything nice again.

 

[mithrandir2001]

Not necessarily on student loans. Mortages, car loans, yes, but student loans are categorized in some weird way were defaulting on them isn't as traumatic. It has something to do with hardship and having them forgiven. Of course, I'm not endorsing that you default on any loan.