Consider a Cosigner
If you do not meet the credit requirements or you would like to try for a better interest rate, you may want to consider adding a cosigner. The online application process gives you the opportunity to send an instant request to a potential cosigner. If you elect to add a cosigner, that person will be responsible for the loan even in the event you meet the credit conditions independently.
What is a Cosigner?
A cosigner assumes responsibility for the loan if the borrower should fail to repay the loan. A cosigner has an independent responsibility to repay the debt and to notify ACPE in the event of changes affecting the loan. ACPE can collect from the cosigner without first having to collect from the primary borrower.
ACPE will notify the cosigner of delinquency in repayment or any changes in the loan terms that increases the amount due on the loan.