II'm going to be co-signing a federal aid loan for my wife and I need some more information about how it works.
I can help you with that. A co-signer is the spouse of an applicant who initiated an Income-Driven Repayment Plan Request.
Are you aware of your obligations to repay as the co-signer?
No. I'm not sure how it works.
Does it matter that the Income-Driven Repayment Plan Request was done as part of a Direct Consolidation Loan Application?
No. Your wife will just have to click on "Direct Consolidations Loan Applications" under "My Loan Documents" to find the co-sign code, you will need.
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Who all can co-sign for this?
Only the spouse of an applicant that initiated an Income-Driven Repayment Request.
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Do I need a Financial Information Note when I co-sign?
A Financial Information Note is only needed if you file income taxes separately from your wife.
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What if I can't find the Co-sign code?
Your wife should have received an email containing the Co-sign code. If this email cannot be found, she can also access this code on her StudentAid.gov account.
