If you're looking to refinance your student loans, there are several reasons why one or two cosigners may be beneficial to you when you apply.
Looking for a Better Rate?
If you qualify for the Reset Refinance Loan for Medical and Dental Professionals but not our best rates, a cosigner with a higher credit score than yours can help you receive a lower rate.
We're different than other lenders. If you apply with one cosigner, we only look at the highest FICO score between you and your cosigner to determine your rate. If you apply with two cosigners, we use the highest credit score between your cosigners to determine your rate.
Need Help Qualifying?
If you have limited or average credit, cosigners who meet the credit and underwriting criteria can help you qualify if you don't meet our credit score or debt-to-income ratio requirements on your own. (Debt-to-income is a ratio calculated by dividing monthly debt payments by gross monthly income.)
Cosigners Can Be Removed
You can apply to release your cosigners from their loan obligations:
- After the first 24 consecutive monthly payments are received on time.
- If you meet the underwriting and credit criteria at the time the cosigner release is requested.