Complete Your Application by Adding a Cosigner

About Cosigners

What Is a Cosigner?

• A cosigner accepts equal responsibility for the repayment of a private student loan.
• A cosigner may be required if the credit check determines the student does not qualify for the private student loan individually.
• Even if the student qualifies for a private student loan without a cosigner, by choosing to add a cosigner, the student may receive a lower interest rate.

Who Can Be a Cosigner?

• The cosigner must be a US citizen or permanent resident.
• The cosigner must be at least 18 years old.
• The cosigner must pass a credit check.
• The cosigner does not need to be related to the student, but many students ask a parent to cosign their applications.

How to Add a Cosigner

Instructions for Students

1. Do not submit a new loan application.
2. Identify a cosigner and tell him or her the amount of the loan you are requesting.
3. Give your cosigner your Application Key so they can apply online OR ask your cosigner to call us at 1-877-728-3030.

The Application Key is a code that links the cosigner with the correct student loan application. To find the Application Key, log in and follow these steps:

1. Click the date of the corresponding loan application on the Account Summary screen.
2. Select References / Cosigner at the top of the Application Detail screen.
3. Locate the Application Key at the bottom of the page.

Instructions for Cosigners

1. Ask your student for the loan amount requested.
2. Ask your student for the Application Key so you can apply online as a cosigner OR call us at 1-877-728-3030 (option 3) to add your information and authorize a credit check. (We will ask for your Social Security number, driver's license number, date of birth and other information.)

How to Sign Your Cosigner Addendum

Instructions for Cosigners (E-Sign)

1. Log in to your account.
2. Click the date of the corresponding loan application on the Account Summary screen.
3. Select References / Cosigner at the top of the Application Detail screen.
4. Click the e-sign link at the bottom of the page and follow the instructions.
5. Print a copy of your Cosigner Addendum for your records.

Instructions for Cosigners (Mail)

1. Print the Cosigner Addendum below, complete the form and mail it (with your original signature) to:
   
   

   Discover Student Loans
   PO Box 30947
   Salt Lake City, UT 84130-0947

   
   Cosigner Addendum to Application and Promissory Note
2. Keep a copy of your Cosigner Addendum for your records.