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Why should a student who could qualify as credit-ready apply for a loan with a credit worthy co-signer?

April 26, 2017co-signer credit credit-ready loan qualify student worthy

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Why should a student who could qualify as credit-ready apply for a loan with a credit worthy co-signer?

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A.5. IELI loans to credit-worthy applicants generally carry lower rates and fees than those made to credit-ready applicants. So, if a student is credit-worthy or can apply with a credit-worthy co-signer, the cost of his or her loan will be lower.