Do I need a Co-Signer or Guarantor For An Education Loan

Pursuing higher education is a dream for many, but the rising costs of tuition, books, and living expenses often make financial assistance necessary. An education loan can help bridge this gap. However, whether you need a co-signer or guarantor depends on the lender's requirements. Typically, if you lack sufficient income or credit history, a co-signer with stable financials may be required to secure the loan. Some lenders, especially for government-backed loans, may not need a guarantor, but private lenders often do for risk mitigation. Always review loan terms carefully.Readmore