Cosigners
Cosigners
Everything you need to know about adding a cosigner to your student loan.
21 articles
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.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.Written by Sparrow Support. Updated over a week ago
Can you add more than one cosigner?
No, you can only add one (1) cosigner.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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.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.Written by Sparrow Support. Updated over a week ago