<prompt> Human: Hey everyone, long time lurker here. So pretty much as the title say I am planning on cosigning a college loan for my sister, she is part RN and is going to school to finish her BSN. She is going to a state school and it is out of our budget. I just graduated and am working and making about 50k a year and she makes 35hr for an average of 15-20hrs a week and then serves on the side. The issue isnt the loan being paid monthly, but what would the consequences of me cosigning, if there are any. What if we miss a payment? Basically any and all info you could give would be appreciated.  <response>: If she stops paying, you are on the hook to continue paying. By cosigning youre basically saying that either of you will pay the total amount of the loaninterest - not specifically which person. 