<p>My parents would be willing to cosign, but I don’t know if it is smart now that I will most likely have to have 4 years of $55k plus interest. <<<</p>
<p>Your parents may not QUALIFY. Are they high income? If not, then they likely won’t qualify to borrow $220k of loans.</p>
<p>Do you have any idea how much the monthly payments would be? Do you understand that the debt would ruin YOUR LIFE? </p>
<p>Since you’ve said that Calif would be your home, that means that you wouldn’t be able to live at home rent-free to pay back those HUGE monthly payments. So, how would you pay for rent, utilities, car, insurance, gas, cell phone, etc AND pay those huge loans?</p>