Thirty years ago, when we started making loans to women without their husbands as cosigners
, people thought that was crazy too.
and immediately received the support of 61 representatives, who joined Brown as cosigners
There have always, of course, been boards which frowned upon parental cosigners
, but, of late, the practice is gaining momentum.
Black applicants were turned down at a higher rate than whites; were more often required to have collateral; needed cosigners
or guarantees even when they had firm government contracts; and usually raised less working capital using such contracts as collateral.
No in-school minimum payment or Deferred Repayment Option: No minimum payment is required while in school, though students and cosigners
receive monthly statements on accruing interest, an updated balance, and information on how to make a payment.
In addition to strong underwriting standards, the use of cosigners
and school certification by the six Consortium participants continues to contribute to the improved performance of private student loans.
APHA and its cosigners
of the briefs addressed both issues.
New loan forgiveness policy adopted to ease burden on families and cosigners
in event of death or disability
In addition to the continued use of high underwriting standards, the prevalence of cosigners
and school certification by the six participants also contributed to the better performance of private student loans.