Why do most student loans involve a co-signer?

a. Most students won't be able to afford paying for their loans, and leave that responsibility to their co-signers.

b. Co-signers were most likely college students themselves and understand what it is like to be a college student.

c. Most students aren't responsible enough to know much about any type of loans, so a co-signer is there to make sure everything is secure.

d. Most students are young enough not to have much of a credit score or credit history, so a second party such as a parent or guardian can establish security of payment.

Question

Macy Donovan

Business

11 April, 19:32

Why do most student loans involve a co-signer?

a. Most students won't be able to afford paying for their loans, and leave that responsibility to their co-signers.

b. Co-signers were most likely college students themselves and understand what it is like to be a college student.

c. Most students aren't responsible enough to know much about any type of loans, so a co-signer is there to make sure everything is secure.

d. Most students are young enough not to have much of a credit score or credit history, so a second party such as a parent or guardian can establish security of payment.

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Answers (1)

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Misael · Answer 1

d. Most students are young enough not to have much of a credit score or credit history, so a second party such as a parent or guardian can establish security of payment.