Five Alternatives to Cosigned Student Loans

There are alternatives that can help bridge the gap between education costs and what you’re able to pay.

Should parents cosign on student loans?

That depends on your tolerance for risk, your child’s projected ability to repay the loan, and if it makes sense for your family.

Alternatives to Cosigned Student Loans

Look at groups that your family might be closely associated with, such as unions, professional associations, or alumni organizations.


Parents can also take out their own federal student loans with the Direct PLUS Loan, sometimes referred to as a “parent PLUS loan.”

Loans for Parents

Filling out the FAFSA is the first step to figuring out how much federal (and frequently state) financial assistance your child is eligible for.


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