Fifty years ago, a year at a top-notch American private university cost less than $5,000. Today, the price tag is close to $50,000. Adjusted for inflation, a college education doesn’t cost a lot more than it did in the 1960s. But that doesn’t matter when you look at “real dollars” – it’s almost impossible for most families to come up with that type of money on their own. Even a public college education is out of the reach of many students.
The Link between Cosigners and Student Loans
By definition, student loans are formulated for college-goers and are meant to cover over the student’s college education. Unfortunately, almost all student loans need a sturdy cosigner, who can guarantee that the borrower would reimburse the study loan within the predestined time duration. Otherwise, if the student fails to repay the loan, the
According to a recent survey, conducted by US Department of Education, nearly two-third of the country’s fresh graduates have an average student loan debt of 25,000 USD on their shoulders. Very few candidates are able to