Answers to commonly asked questions.

1. How do I know if I really need a co-signer?
   
   A creditworthy applicant can qualify without a co-signer. A creditworthy applicant is one who meets the following criteria:
   • Minimum 2 years of continuous employment (Note: a current pay stub or a letter from your employer will be required to verify current income)
   • U.S. citizen or permanent resident, who has resided in the U.S. for the previous two years
   • Minimum 21 months of good credit history
     

2. Do most applicants have a co-signer?
   
   In many instances, applicants who are not creditworthy do obtain a co-signer.
   
   
3. Will having a co-signer help?
   
   If you are a creditworthy applicant and meet the criteria above, there is no benefit to applying with a co-signer. If, however, you do not meet the above criteria, a co-signer could increase your chances for approval.
   
   
4. Does having a co-signer ever hurt my chances?
   
   No. Unlike other student loans and grants you may be more familiar with, you won't be turned down because a parent or another co-signer "has too much money."