Doctors, lawyers, and engineers all have two common characteristics: proud parents and mountains of student debt. But is cosigning a loan to defray college costs worth it, all things considered? Let’s review the pros and cons.
For many bright-eyed freshmen, student loans are a means to an end. They facilitate tuition, smooth a study abroad trip, and provide funds for those all-too-expensive textbooks. But with debts on the rise, students today can’t afford to be careless when taking out loans.