Cosigners

Everything you need to know about adding a cosigner to your student loan.

21 articles
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Written by Sparrow Support

I am an international student. Can I get a student loan without a U.S. citizen cosigner?

Yes, you can get a student loan without a U.S. citizen cosigner.
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Written by Sparrow Support. Updated over a week ago

My cosigner is not from the U.S. Can I still qualify for a student loan?

Sparrow works with several international student lenders that may allow non-U.S. citizen cosigners.
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Written by Sparrow Support. Updated over a week ago

Can you add more than one cosigner?

No, you can only add one (1) cosigner.
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Written by Sparrow Support. Updated over a week ago

My child is not yet 18. I initiated the Sparrow account to begin reviewing loan options. I intend to cosign the loan. Can I explore loan options under my account, or does my child need to complete the applications with me listed as cosigner?

You can explore the loan options under your account.
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Written by Sparrow Support. Updated over a week ago

Am I required to have a cosigner to qualify?

No, you are not required to have a cosigner to qualify.
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Written by Sparrow Support. Updated over a week ago

I am having trouble adding a cosigner.

Resolving this issue depends on whether you invited your cosigner by email or signed them up yourself.
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Written by Sparrow Support. Updated over a week ago

Am I accepting an offer of credit by completing the Sparrow cosigner profile?

No, by completing a cosigner profile, you are inquiring about potential options available from our partner lenders.
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Written by Sparrow Support. Updated over a week ago

Do the Terms and Conditions still apply to cosigners?

A cosigner is considered a Sparrow user and therefore subject to Sparrow’s Terms of Use, Privacy Policy, and other applicable policies.
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Written by Sparrow Support. Updated over a week ago

What should I do if I can’t find a cosigner?

Consider exploring Sparrow’s lending partners that offer non-cosigned loans.
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Written by Sparrow Support. Updated over a week ago

What are some of the things to consider before cosigning a loan?

There are a number of things to consider before cosigning a loan.
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Written by Sparrow Support. Updated over a week ago

Is there any benefit to cosigning a loan?

While there are risks associated with cosigning a loan, it is also an opportunity to improve your credit score.
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Written by Sparrow Support. Updated over a week ago

Will adding a cosigner impact the cosigner’s credit score?

Checking prequalified rates on Sparrow does not affect the cosigner’s credit score.
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Written by Sparrow Support. Updated over a week ago

I have received prequalified rates, but now I’d like to add a cosigner to see if I can qualify for better terms. What should I do?

If your cosigner is available, they can fill out the application at the same time as you. Otherwise, we can email them instructions.
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Written by Sparrow Support. Updated over a week ago

Can a cosigner later be released from their obligations?

Yes, many of Sparrow’s lending partners offer the opportunity for you to release your cosigner.
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Written by Sparrow Support. Updated over a week ago

Do I need a cosigner?

Whether you need a cosigner depends on a variety of factors such as your age and your credit history.
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Written by Sparrow Support. Updated over a week ago

Who can be my cosigner?

A cosigner can be a spouse, relative, parent, or any adult that is a U.S. Citizen or Permanent Resident Alien.
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Written by Sparrow Support. Updated over a week ago

Why would I want or need a cosigner?

Most people want or need a cosigner because they can't qualify for the loan by themselves.
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Written by Sparrow Support. Updated over a week ago

What is a cosigner?

A cosigner is someone who agrees to sign onto your loan with you. There are various benefits of having a cosigner.
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Written by Sparrow Support. Updated over a week ago

How much can I save with a cosigner?

How much you save with a cosigner depends on their income level, FICO score, and credit history.
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Written by Sparrow Support. Updated over a week ago

Why should I include a cosigner?

A cosigner could save you thousands of dollars and months of payments.
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Written by Sparrow Support. Updated over a week ago

I am a cosigner for my child. Can I check out rates without a credit check?

Yes, Sparrow allows you to check your prequalified rates without impacting either of your credit scores.
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Written by Sparrow Support. Updated over a week ago