Last Updated: December 10, 2024
Yes. Parents, guardians, or other family members or sponsors can choose to take out a Parent loan to help fund their student's college education.
The Parent loan is entirely in the borrower's name rather than the students, and the borrower takes full responsibility for repaying the loan.
Alternatively, a parent, guardian, or other family member can choose to cosign a private student loan where they share responsibility for the loan equally with the student.