If your financial situation isn’t great, finding a cosigner with excellent credit can help out. A parent or spouse who’s willing to sign onto the loan can get you better rates, so you can save on your student loan. However, not everyone will be willing to take the risk of cosigning, as a cosigner is responsible for the debt if you don’t pay your bills. If your credit isn’t great, it’s worth trying to find a cosigner — but don’t be surprised if even close friends and family turn you down.