Parents Are on the Hook for Nearly Every New Private Student Loan

Nearly every, or 94%, of private student-loan dollars distributed to undergraduates for the 2015-16 academic year had more than one borrower on the hook for the debt–the student and a cosigner, according to the report. That figure has been rising in recent years and is the highest since 2008-09, the farthest back that MeasureOne reports data, when it was 76%.

For more from The Wall Street Journal,  click here.

Leave a Reply