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re: Co-Signing a Student Loan

Posted on 8/5/14 at 5:02 pm to
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 8/5/14 at 5:02 pm to
My wife hit me with her total after we got engaged. I knew she took out a bit, but never really got an actual number. I thought it was around 30k before grad school and figured another ~20k for grad school. 50k total. Not great, but not horrible. She hadn't really kept track of what she was taking and didn't realize how much intrest was building up while waiting for her to graduate. It literally almost broke off our engagement. Not that I was so shallow that I was running from her because she wasn't going to have as much money. More because she had no idea what she was doing with money to the point where it freaked me out. If she wasn't married with a dual income, she'd probably have to still be living with her parents while paying the loans.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 8/5/14 at 5:20 pm to
This is definitely a troll thread now that I'm reading through it. Private loans are done on a yearly basis so you cosign each year if it's needed so the 100k wouldn't be done at once.
Posted by LSUShock
Kansas
Member since Jun 2014
4915 posts
Posted on 8/6/14 at 12:49 am to
Try applying to LSU when they weren't giving a single dime to out of state transfers. I had a 3.5GPA at University of Kansas, 27ACT, and all sorts of involvement/job work and couldn't get anything. I qualified for the Tiger Transfer scholarship by a mile...unfortunately, there was no money for it. All it granted was in state tuition, and that's all I wanted.
This post was edited on 8/6/14 at 12:50 am
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 8/6/14 at 10:33 am to
Anyone who borrows extra money to go to school out of state and pay full price is pretty much already doomed at life. Anyone who would agree to co-sign for it is unlikely to be above a 500 credit score, so yes this is a troll thread, and a poor one at that.
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