Cosigner for Student Loan

I am taking out a private student loan through sallie mae. My friend's mother is going to cosign for me, but she just took out a parent plus loan of $15000 and now she is going to cosign on my loan which is $16000. She has good credit, does her just taking out that parent plus loan a couple weeks ago effect the chances of my loan that she is cosign on being approved?

It could. It's really going to depend on how 'good' her credit is but a very recent inquiry and new account opening will probably slightly lower her current scores. It's a very big risk she's taking to cosign for you. Please be aware that if you default on these loans throughout anytime in your lifetime, it will impact your friends mother's credit as well as your own. Most people don't realize that a co-signer is just as liable for the loan as the primary account holder and she's taking a very big risk. Just something to keep in mind so that you don't accidentally hurt her credit when she's trying to help you.

Good luck!