Just remember that your co-signer is tied to this for the entire loan amount if you fail to make your payments. (consolidate.loan)
When any person borrows federal student loans, he is expected to be making a monthly payment based on the terms of the loan until the entire loan amount, both principal and interest, is liquidated. (myfinancekits.com)
A value of 1.0 means that the discounted collateral will cover the entire loan amount in the case of default, while a higher value overcollateralizes the loan, making it less risky. (valuepenguin.com)