<prompt> Human: My mom and dad said it wouldnt be enough for them to do it because of taxincome reasons. They want me to cosign and say that they will take my name off of it in one year . I dont think it works that way but if its true is there really that much risk for me to help? My gut is leaning towards noBackground: graduated with 13k in Federal loan debt only. My parents declared bankruptcy like 17 years ago and lost the house but have been fine financially since then and are responsible with their money. Edit: talked with parents and said I wouldnt sign. They were fine with it. Thanks for the help everyone!  <response>: This is something you should steer clear of at all costs. 