First Chance to Win $100 in our Financial Aid Fun Contest
July 2nd, 2014 by Victoria Troupe

#1Today is the day! Our Financial Aid Fun Contest has officially begun! Here is the first question to answer correctly in order to be entered into a drawing for a $100 gift card!

Question #1

“What is a cosigner?”

And the Winner of $100 is: Islam Taher

“A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt. In other words, the cosigner is taking on a huge responsibility for the international student loan or study abroad loan since they are being asked to accept the responsibility of paying back the total loan amount plus any interest.”

View Question #2 here.

View Question #3 here.

How do I enter and win?

Simply add us on Facebook or Twitter.  Just submit the correct answer to the question by posting it on your feed and tagging us, posting it on our page, or submitting it directly on this blog as a comment below. We’ll announce the winners the following week. Don’t worry if the winner is not you. A new question will be announced next Friday – you have three questions and three chances to win during the next three weeks!

This opportunity is brought to you by InternationalStudent.com, the premier resource for students studying internationally, and your’s truly, International Student Loan. Remember, now is the time to apply for an International Student Loan if you need one. See if you’re eligible here.

60 Comments

  1. Oussama Touhami says:

    A cosigner is someone who guarantees that if the borrower can’t pay back the loan, they will be legally responsible to pay back the debt with all interests

  2. Ramtin Amintaheri says:

    Cosigner guarantees that he will pay back the loan in case the borrower does not pay it back. Also cosigner may be liable to pay interests on the loan as well.
    Cosigner should meet some requirements, in particular he 1. Should have a reliable and stable income. 2. Be able to pay back the debt 3. Have good credit score.

  3. Ucilla Cambridge says:

    A cosigner guarantees thepayment of a loan if the borrower is not able to repay

  4. Foroogh Nazari says:

    A cosigner is a person who assure that if an international student couldn’t pay back the interest and principle of a student loan, he/she will pay it instead.

  5. Maliha Khan says:

    A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt.

  6. Dafne says:

    Is someone who guarantees the loan will be paid if the borrower defaults on the loan.

  7. Anteneh says:

    cosigner is a person who can legally sign loan papers with another person who is having a difficulty of obtaining loans.

  8. Lukas Mrazik says:

    The answer to Question #1: “What is a cosigner?” is: “A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt.”

  9. victor c umezi says:

    A cosigner is a person who have a good credit score to grantee another for financial aid in order words he is called a grantor

  10. yakup says:

    cosigner is a person such as a parent or other close family member or friend who pledges to pay back the loan if you do not.

  11. Joy says:

    A co-signer refers to a person or entity who executes an agreement or other document in concert with another person or entity.

  12. Joy says:

    Co-signer refers to a person or entity who executes an agreement or other document in concert with another person or entity.

  13. Oussama Lamie says:

    A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt

  14. Jamiu Aderonmu says:

    A cosigner is a guarantor of the contract, especially when a promissory note is required. A cosigner is someone who shares responsibility with the borrower for repaying the loan because if the borrower can’t pay the debt, the cosigner is usually promising to pay the debt by signing the contract. A cosigner can potentially lower the loan interest rate, and possibly a get quicker credit decision.

  15. Ebenezer Yemoh says:

    A cosigner is a legal term which refers to a person who agrees and accepts the responsibility of the debt of another.

  16. Femi Ibitoye says:

    A cosigner is a person who stands as a guarantor for a loan-borrower so that in the eventuality that the borrower cannot repay the loan, he/she takes the responsibility of paying back the loan. In the case of the United States, a cosigner must be a citizen or permanent resident of the US.

  17. Ejiro O. says:

    A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt.

  18. Sheridunn Kate Daoay says:

    A Cosigner is a person who acts and guarantees that if a borrower cannot pay back a loan, they will be held responsible and will have to pay back the unpaid debt.

  19. Indra Dwi Prasetyo says:

    1. A cosigner is a person who can legally sign loan papers or documentation with another person in order to help the other person obtain a loan. The cosigner makes a legal agreement to be jointly responsible for the repayment of the loan if the borrower should fail to pay their debts in a timely manner.
    2. A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt. In other words, the cosigner is taking on a huge responsibility for the international student loan or study abroad loan since they are being asked to accept the responsibility of paying back the total loan amount plus any interest.

  20. Darcel says:

    A consigner is someone who gives ‘something’ into the care on another. For example a consignor can be someone who is sending a package/shipment (by land, sea, or air). Where the term ‘sender’ can be used ‘consigner/consignor’ is used in the event of a legal dispute.

  21. Abdi Bekuma says:

    legally responsible person who guarantees to pay the debt if the borrower cannot pay back the loan.

  22. DIAKITE TIDIANE says:

    A cosigner is person who endorse responsibility to represent himself to a financial insttution in term of student studies fees.

  23. Ramil says:

    When getting approved for something like a student loan, a cosigner may be used to add legitimacy and reduce the risk for the lender, as in the event that the student does not make his payments the cosigner will take the liability on themselves.

  24. Emmy Egbosimbah says:

    A cosigner is as the name suggests, a person a co signs with another to ensure the fulfillment of an obligation. In some cases like student loans or apartment renting the cosigner or co-signor is like an insurance policy for the loaning organization hence, if the student does not repay his loan the cosigner will have to be held Accountable. Usually the cosigner is one who has a secured interest which is referred to in American parlance as having a “good credit score”. Finally, a cosigner can either be a private person or any agent lawfully authorized to act on behalf of a person or cor operation.

  25. Silke Jasso says:

    A co-signer for a business loan is someone who guarantees the loan will be paid if the borrower defaults on the loan.

  26. Calvin Leong Min Hua says:

    What is a cosigner?
    I always known the meaning of this word, but it was when I was looking for loans where I really dig deep to what it really meant.
    A cosigner is someone who willingly become liable for when the borrower cannot pay back a certain loan. The cosigner will assumed all responsibility of the loan and have to pay back the debt.

  27. David Nnaemeka U says:

    Love all about International student loan.

  28. islam taher says:

    the answer is
    A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt. In other words, the cosigner is taking on a huge responsibility for the international student loan or study abroad loan since they are being asked to accept the responsibility of paying back the total loan amount plus any interest.

  29. Kero says:

    how can I get loan ? I am from ethiopia.I was starting searching scholarship 3 years ago.How can I succeed ?please give me advice.

  30. Fallah D. Kamanor says:

    Cosigner is a person who affix a signature on a document showing the reliability if the the primary signer defaults.

  31. Moses says:

    A cosigner is an individual or a body (for example an institution, a firm or organization) who is obligated based on agreement to be responsible for the fulfillment of the terms of a particular contract (whether monetary or not) if the direct obligor is unable or refuses to fulfill his/her part of the contract.

  32. Elisha Tindjou says:

    A cosginer is one who legally signs loan papers with one who has complications getting a loan. This makes the cosigner responsible along with the first signer to repay the loan. In the sense that in case the first signer is incapable of repaying his/her loans, the cosigner becomes responsible.

  33. Mohamed Arabi says:

    @International Student Loan: A cosigner is someone who shares responsibility with the student borrower for repaying the loan in case of failure of repayment from the part of the student.

  34. Sushreeta says:

    A cosigner is a person who signs along with the person on whose name the loan is being taken. The cosigner acts like the guarantor, who is liable to pay the loan if the person who has actually taken the loan is unable to pay

  35. louisa ziyambi says:

    A co-signer is someone who guarantees that the loan will be paid if the borrower cannot pay the loan.

  36. Anish Ghimire says:

    A third party to a loan who provides a guarantee that a loan will be repaid. The guarantee by the cosigner reduces the risk that the lender will lose the money he/she has distributed to the borrower. The cosigner signs an agreement with the lender stating that if the borrower fails to repay the loan, the cosigner will assume legal liability for it. A cosigner may be an institution, but is often a relative or friend of the borrower, especially for personal loans. Persons with little or poor credit history sometimes cannot receive a loan without a cosigner.

  37. Rashi Jain says:

    A cosigner is a person who signs a document originally made by another person. In doing so, he holds himself equally responsible and applicable for every word in the document as the creator of the document. This is usually in terms of finance. When a person has a cosigner, the cosigner is equally responsible for paying money as that person

  38. Alice says:

    A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt.

  39. Palina Hauryliuk says:

    When a person wants to sign an agreement, the bank or another organization wants to make sure that they will get all the benefits from this agreement, usually the money. A cosigner agrees to be responsible for the payment in case the person who signs the document is unable to pay the organization back.

  40. Nardeen says:

    A cosigner is an individual fulfilling general requirements, specific to the country of residence, and accepts legal responsibility for paying back all of the debts in which case the signer, or borrower, is unable to pay back their loans.

  41. JMO Brown Motswenyane says:

    A Cosigner is someone who is placed on your behalf to a foreign country when you need a loan for your studies/bussiness or anything urgent to use the money on. That person could be your relative/friend or family member of which he/she agree’s to be responsible and will pay for the loan that you took from a foreign country if ever you’ve failed to pay before the dead line duration that was given to you.

  42. vincent akulinda says:

    A cosigner is someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt. In other words, the cosigner is taking on a huge responsibility for the international student loan or study abroad loan since they are being asked to accept the responsibility of paying back the total loan amount plus any interest.

  43. Rituparna Sengupta says:

    A loan consigner is one who is legally responsible for paying back the debt (plus any interest) in case a loan borrower is unable to do so themselves. The consignor appointed by the borrower should be a permanent citizen of the concerned country where the loan is taken and should have good financial credit history.

  44. margarita cablitas says:

    Consigner is a person who help a student to to have a financial aid loan these can be your aunt,uncle or a friend who will be your guarantor should be a us /foreign citizen.

  45. Eshita Varma says:

    Someone who guarantees that if the borrower cannot pay back the loan, they will be legally responsible to pay back the debt is called the co signer.

  46. nguyen ngoc binh says:

    guarantee contracts

  47. nakola nyambe says:

    A cosigner is a person who enters into a legal agreement with another person which entails that he/ she will be legally responsible for finances owed by the borrower, should the borrower fail to uphold the financial agreement through non-payment of debt owed.

  48. Chaitali Shah says:

    Cosigner is US citizen, who takes up the responsibility of the student taking a loan under his name. He is legally liable if the student is not able to pay the sum.

  49. Evelyn Licona says:

    A cosigner is someone who agrees to pay certain amount of money you owe when you are not able to fulfill the responsibility of that debt (loan).

  50. Michelle Coblentz says:

    A cosigner is a person willing to take responsibility for repaying a loan if the student is unable to pay back the loan.

  51. Martin Kamande says:

    A cosigner is guarantor a person who makes or gives a promise, assurance, or pledge that he or she will be legally responsible to pay back the debt.

  52. Kimeisha says:

    Question #1

    “What is a cosigner?”

    A cosigner is a person who stands as a form of guarantor for another person requesting a loan. The cosigner will sign this document, and if the person who borrowed the loan fails to pay, the cosigner will be responsible for repaying that loan.

  53. erick shyaka leyo says:

    a cosigner a signer in addition to the principal signer,that is to verify the authenticity of the principal signature or to provide surety.His/her obligation is to repay the debt that arises only after the borrower has defaulted on the loan.

  54. Ariel says:

    A cosigner is a joint signer for a loan or promissory document who agrees with the lender to be legally liable for repaying a borrower’s debt if that person fails to or is unable to repay.

  55. Kero says:

    Thank u for ur reply.I will search through website .

  56. Dino says:

    Unknown each person’s score is unquie and based upon hundreds of different factors and accounts. The amount that the score will change is based upon your unquie/individual circumstances and what might be a ten point change for me could be 25 for you or vice versa.

  57. Vinayak says:

    Auto finance is what I do for a lnivig and the short answer is no way without a parent co-signing.You have not been in the credit bureaus long enough, you can not prove your income, you don’t the number of established trade lines required, you can’t have the payment history required, your self employed and not for long enough, the amount your looking to borrow is well below every major lenders minimum.Your only chance is your own local bank or credit union with one of your parents to co-sign.Good luck.

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