Why is a credit-worthy co-signer or an in-school payment necessary?
The SELF program is not subsidized by the federal or state government. Therefore, SELF must pay for itself. A credit-worthy co-signer is needed to insure continuous repayment on the loan. By using co-signers and requiring that interest be paid while the borrower is in school, costs are kept to a minimum and, in turn, the loan may be offered to you at low interest.
