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How will co-signing a PLUS loan affect my brother's credit?


bossfan
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Does anyone know if or how student loans, currenty NOT in repayment due to being in school, affect credit ratings?

Also how would it affect the credit rating of my brother, who has perfect credit, if he co-signed a loan for me that is a state loan guarantee corp alternative educational loan ("LINK loan") for adults? They are similar to the PLUS loans for dependents, but require a FICO of at least 680 to qualify (which I don't have) and is for students who are not eligible for Staffords, etc,. but you don't have to pay them until you graduate--which for me is going to be years away.

He is thinking of buying a new vehicle, and is concerned it would change his debt to income ratio or otherwise lower his credit score.

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