parents co-signing private student loan...

[Cofo]

My parents are considering co-signing a private student loan for me in undergrad.

Once I graduate from undergrad...
...will my parents (the co-signer) still be responsible for paying back the loan,
OR...will the responsibility of paying back the loan be mine?


Also...I'm wanting to go to dental school. So...since I don't have any credit history of my own, how will I end up paying for dental school?
Will my parents need to co-sign a private loan for me in dental school too?

I just want to make sure that even though my parents are co-signing for me, that they will never be responsible for paying the loan back as long as I can pay the loan back once I'm out of dental school.

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[mx_599]

My parents are considering co-signing a private student loan for me in undergrad.

Once I graduate from undergrad...
...will my parents (the co-signer) still be responsible for paying back the loan,
OR...will the responsibility of paying back the loan be mine?


Also...I'm wanting to go to dental school. So...since I don't have any credit history of my own, how will I end up paying for dental school?
Will my parents need to co-sign a private loan for me in dental school too?

I just want to make sure that even though my parents are co-signing for me, that they will never be responsible for paying the loan back as long as I can pay the loan back once I'm out of dental school.

the cosigner is just as responsible for the loan as you

 

[sharksRfriends]

If for some reason you stop making payments or get sick or pass away, your parents are responsible for the loan as co-signers. Can you start a credit history? Do some research on building credit.