Your Earnest student loans and COVID-19

Your Earnest student loans and COVID-19 Learn more

Cosign Today

Help a student
get approved

Students are 6X more likely to get approved with a cosigner.
Variable rates start at 1.24% APR and fixed rates start at 3.95% APR with Auto Pay.

Cosigning With Earnest

Start now, share with your student later

Start the application for an Earnest private student loan and send it to your student when you’re ready.

  • Quick and easy application
  • Fast 2-minute eligibility check
  • Higher chance of approval for your student
  • Potentially lower interest rates

Earnest Benefits

Designed for flexible repayment

Everything your student needs to stay on track with student loan payments.

  • 50% longer, 9-month grace period*
  • No origination fees, late fees or disbursement fees
  • 4 in-school repayment options
  • A Client Happiness team to answer questions or concerns

* 3 months longer than most lenders


Earnest Interest Rates

Find a low interest rate

You could unlock a lower interest rate. Earnest looks beyond a credit score to give you the best rate possible.

Starting at
1.24%
( including 0.25% Auto Pay discount )
variable rates
Are loans that have an interest rate that will fluctuate over time
Starting at
3.95%
( including 0.25% Auto Pay discount )
fixed rates
Are loans that have an interest rate that will not fluctuate over time
Starting at
1.24%
( including 0.25% Auto Pay discount )
variable rates
Are loans that have an interest rate that will fluctuate over time
Starting at
3.95%
( including 0.25% Auto Pay discount )
fixed rates
Are loans that have an interest rate that will not fluctuate over time

The Cosigner Checklist

Not sure if you qualify to cosign a student loan? Check this list to find out. View full eligibility details.

Said yes to all three? Great, you can start the application now.

Start now

Said yes to all three? Great, you can start the application now.

Start now

Get the FAQs about cosigning a student loan

What are my responsibilities as a student loan cosigner?

As a cosigner, you’ll share the same responsibility for paying back the loan as the student (primary borrower). Both the cosigner and student can build their credit with repayment of the loan, but likewise, any missed payments can impact both credit reports.

How does consigning a private student loan compare to a federal Parent PLUS Loan?

Becoming a student loan cosigner on a private student loan is different from a Parent PLUS Loan or other forms of federal student aid. 

Private lenders usually ask for a credit check on a cosigned loan and may have different credit requirements. The loan terms–such as repayment and interest rates–are dictated by the lender and may vary based on what comes up during the credit check. 

While federal loans don’t always cover the full costs of attendance, a private lender can help cover any leftover amounts. Federal loans tend to have a maximum borrowing amount, while a private student loan may offer a larger loan amount. 

Some private lenders provide an extended grace period, giving the student more time to start paying off the loan. Because a cosigned loan means both you and the student are financially responsible for the loan amount, any missed payments may impact your credit score. 

A Parent PLUS Loan is a federal loan that parents of dependent undergraduate students can use to help pay for college. The interest rate, repayment term, and grace period are set by the government. You can apply for a Parent Plus Loan here, and your student can use the FAFSA® website to apply for federal aid.

What account access will I have as a cosigner?

You’ll have access to an online loan dashboard to set up payments, access loan documents, and view loan details. You can check how the repayment process is going and how much longer your student has left to pay on the loan.

Can I be released from being a cosigner?

We do not offer the option to release a student loan cosigner from the loan at this time; however, we do offer student loan refinancing. If your student chooses to refinance, the new loan will be in the student’s name without a cosigner. 

To refinance student loan debt, the student borrower must apply and pass a credit check with their chosen lender. Refinancing may result in a lower interest rate or lower monthly payments, but this is not guaranteed. 

If your student chooses to refinance with a private lender like Earnest, they will have the option to switch to a variable rate from a fixed interest rate loan and vice versa. 

Refinancing is subject to the following eligibility requirements.

Who is eligible to cosign an Earnest private student loan?

Generally speaking, a student loan cosigner is a creditworthy individual who is equally responsible for paying back the loan. This person is often a parent, but can also be another family member, guardian, etc.

Please keep in mind our minimum eligibility criteria for cosigners:

  • A U.S. Citizen or Permanent Resident
  • 3+ years of good credit history
  • A minimum credit score of 650
  • No history of bankruptcy
  • Minimum yearly income of $35,000 (in USD)
  • The cosigner must be the age of majority as defined by their state of residence.
  • Both primary and cosigner must live in the District of Columbia or a state that we lend in (all but NV) but they do not need to both live in the same state.

View full eligibility details on our Eligibility page.

The Earnest Blog

Learn more about being a cosigner on the Earnest blog

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From Our Partners Personal Loans

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Earnest Student Loan Refinancing

Simplify your loans when you refinance. Variable interest rates start at 1.99% APR with Auto Pay.

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