<prompt> Human: Hi all,To quickly summarize a developing situation: I will be cosigning a private student loan for my foreign girlfriend, currently attending graduate school in the US. Its a private school, 50kyear tuition and if she is unable to secure additional aid she could well be on the hook for the full amount out of pocket.I am going to be applying to MBA programs this year, with a view to matriculate in fall of 2017. The programs I am targeting are all in the 50k year range, meaning I will be relying on federal and federal PLUS loans to pay for these the principal of which will hopefully be reduced by any fellowshipsgrants that I am eligible for. I spoke to one of the lending banks representatives today to understand whether acting as a private loan cosigner would affect my ability to obtain federal loans, and I was told that it would not. Is this true? If not, is there anything else I should be aware of in this situation?Assistant: Even if your girlfriend gets a job someday and pays back the loan, the whole deal will mess up your credit right now and for the next several years.The bank person you talked to was biased, he wants to push through another loan. Dont listen to him.You need to talk to a lawyer andor an accountant immediately. Dont sign anything until you get real professional advice.This is a very serious decision, if it goes bad, you will be on the hook for every penny, plus interest. That will screw up your life for many years into the future.Human: How will it ruin my credit? Im not looking into any other lines of credit and will most likely not need to take out any additional private loans. Aside from the hard pull, Im not sure what other adverse affects it would have - Im years away from a mortgage or auto loan.  <response>: Have you not read all the horror tales of parents cosigning for their kids, people cosigning for their gfbf, friend or family members? They usually if not always end up badly. To cosign anything means you are willing to pay for her graduate school if she cannot or will not pay it. If you are prepared to do so, then sign away. 