Question about a loan? Please help?

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I am a college student and I plan on taking out a student loan. My boyfriend and I (who I've been w/ for 5 years and have a child with) are going to use the money to put a down payment on a house. I was just wondering if there was any kind of documentation I can have him sign saying that he was involved or something.

Please no criticism, I've thought this through and plan on doing it, I'm only 2 years away from completing my nursing degree so I'm not worried about being able to pay it back, I was just wondering in the event that I ever needed it if there was a way document his involvement so if something ever did happen between us, he would have to repay me. (He's not in college, so he can't take out one himself)

Thanks

Question about a loan? Please help?

No criticism here. Student loan rates are looking more and more attractive compared to mortgage rates. And you ARE entitled to obtain financial aid to cover some housing costs.

Here's the tricky thing about student loans: they will definitely stay in your name, regardless of what you do with the proceeds. Even if you use the money to purchase something that benefits someone else, you alone are on the hook for the repayment of the loan. For example, if a parent obtains a "parent loan" (i.e., a PLUS Loan) to pay for their child's education, they can't turn around force the child to repay the loan -- the loan is in the parent's name and can't be transferred, even by consolidation. That parent would have no legal recourse if s/he made a deal with the student and the student reneged (according to Federal Student Aid guidelines, anyway).

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Question about a loan? Please help?

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