Thursday, November 29, 2012

Cosigning on student loans = very bad idea

Don't believe me?  Ask Ella Edwards, who cosigned with her son Jermaine, on his student loans.  Two federal student loans, one private. 

No, he didn't default.  He died.  And she's still on the hook for the private loan.

No comments:

Post a Comment

Sorry, folks. A hundred plus spam comments in an hour equals moderation on older posts, so until further notice...you're gonna have to wait for your comments to be approved before they show up.