You've been invited to cosign an Alaska state education loan. Students and family member borrowers who do not independently satisfy loan credit requirements can ask a creditworthy relative, spouse, or other individual to help them qualify.
What is a cosigner?
As a cosigner, you are guaranteeing repayment of this debt. Because of this shared responsibility, the loan obligation will be part of your credit history, including any related delinquencies. We want to ensure you are fully aware of these implications.
As a cosigner, you will be required to repay the debt if the borrower fails to do so. That debt will include outstanding principle, interest, and fees incurred. Review the loan repayment examples to illustrate the financial obligation and associated monthly payments.