What does “Co-Signing” a Loan Mean

1 Dec

It’s getting to be that time of the year when students start looking at FAFSA’s and considering co-signors.  While a lot of people (parents included) frequently co-sign loans for students without reading the fine print, that can actually be very dangerous.  Unfortunately may are unaware of the potential problems that loom.  With that in mind, Bank of America has posted a great video that explains what the process of cosigning is and what your responsibilities will be.  It’s worth checking out!.

Link.

 

 

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