As the parent of an undergraduate applying for an NU Loan – Parent, why am I considered a co-maker if Im the primary borrower?
Although the parent or legal guardian is the primary borrower for an undergraduate NU Loan – Parent and NU Loan – Parent Supplemental, the student is receiving the financial benefit of the loan. All proceeds are applied to the student’s tuition and fees account. The parents or legal guardians are accepting responsibility for making the payments.
- What is the aggregate loan limit for a dependent undergraduate student whose parent has been denied a Federal PLUS Loan but who is eligible for an additional unsubsidized Federal Stafford Loan?
- As the parent of an undergraduate applying for an NU Loan - Parent, why am I considered a co-maker if Im the primary borrower?
- What is a PLUS Loan (Parent Loan for undergraduate students)?