As the name suggests, a cosigned student loan is one that is taken out with a cosigner or another creditworthy borrower who agrees to take on a legal obligation to your debt. Adding a cosigner often gives a borrower access to better loan terms and lower interest rates than they could get on their own. However, if you don’t have a willing cosigner or want to borrow on your own, there are many non-cosigned student loan options to choose from even if you have a limited credit history or income.