Cosigner Requirements

All cosigners must complete the "IDEAL Program Loan Cosigner Application and Promissory Note" and meet our creditworthiness criteria as follows:

• All undergraduate students are required to have a cosigner.
• The cosigners must have an acceptable debt-to-income ratio no greater than 40%.
• No credit account may currently be 60 days or more delinquent.
• No bankruptcy within the past 5 years.
• No education loan default with an outstanding balance.
• No unsatisfied court judgment over $100.
• No real estate foreclosure.
• No record of an unsatisfied collection account for more that $300.
• No profit and loss write-off for more than $300.
• No charge-off for more than $300.
• No repossession for more than $300.

You may apply for a loan by filling out an online application
or download an application form, fill it out, and mail it to IDAPP.