No.
Additional: The lender issued the loan to you based on the financials and the background of BOTH parties. It is highly unlikely that they will release your "backer" unless (POSSIBLY) that you can demonstrate that your credit rating is now good enough to handle the loan by yourself. Examine your loan papers to determine if this is even possible.
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Yes, I'm almost positive you can. I co-signed 2 loans with Sallie Mae with my daughter, and she has missed many months. I have been out of work and on total disability and just heard about this dismissal, so I called Sallie Mae and they are going to send forms for my doctor to fill out. Hope this helps.
a secured loan
The cosigner I believe but check with the loan issuers it's in the details.
AnswerThe short answer is no, you can never change cosigner on a private student loan. If they die, however, it is transferred to you.
It is very possible to get a student loan with no cosigner and only 1 year of employment. The best solution would be to apply for a federal stafford loan.
the borrower
If you're creditworthy, sure!
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
You may want to consider a federal student loan as these types do not require a cosigner.
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
NO you have s secondary obligation for the note, not the money or how it was or was not used.
Most private student loans applicants are required to have a cosigner, especially undergraduates or students who don'tt have a steady income or credit history. The cosigner is required to sign the loan document, but the student is the primary borrower. By signing, the cosigner agrees to be fully responsible for repaying the loan if the student does not fulfill his or her obligations.
The parent borrower of a PLUS loan sometimes thinks they are the cosigner, when they are actually the non-student borrower. This misconception would not exist if they had actually read the loan agreement, and they are still severally liable for the keeping their part of the contract.Being the student or not being the student does not necessarily determine whether or not you're a "cosigner" or a borrower, you need to read and understand what you're signing.