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I have a few friends who are willing to be my co-signer (I'm international,) however they are concerned about the size of the loan. Hence, one of my friends inquired if it would be possible for me to take out several separate loans, and get co-signers for each loan. E.g. If I'm going to borrow the full cost of attendance (say $150K), instead of taking out one large loan, I took out three $50K loan and got three separate co-signers.
Is this doable? Is it advisable? Has anyone done it before?
All I want to say, is that you have great friends and you should cherish them. Co-signing a loan is not an small easy step and it is very nice of them! You should be very happy to have friends like that