Disadvantages of cosigning college student loans?

My best friend just asked for me to cosign her student loan because none of her parents can do it. I would be willing to, however I do not know how this may affect or disadvantage me. I know that if she does not pay in the long run I am reliable for paying, however, other than that how else can I be affected? Does... show more My best friend just asked for me to cosign her student loan because none of her parents can do it. I would be willing to, however I do not know how this may affect or disadvantage me. I know that if she does not pay in the long run I am reliable for paying, however, other than that how else can I be affected? Does it go on my credit? Anything else I should know before cosigning?
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