0
If an ex-spouse cosigns on a child's student loan prior to divorce would the other parent be liable if the student loan goes into default?
Wiki User
∙ 14y ago
Yes you can, BUT, each party will be jointly AND seperately responsible. By that I mean that if for some reason one co-signer cannot pay their share, the other co-signer will be TOTALLY responsible.
Wiki User
∙ 16y ago
Wiki User
∙ 14y agoYes, if all the assets split in half then the debt will also be split in half. So don't let your ex-spouse know that, you might have to pay.
Add your answer:
Earn +20 pts
Can you get a student loan default off credit?
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
Can you get a student loan if one of your parents is in default on their student loan?
Yes.
What are the release dates for Default The Student Loan Documentary - 2011?
Default The Student Loan Documentary - 2011 was released on: USA: 21 October 2011
How can a single mother with default loans get financial aid?
If you are in default on federal student loans you are not eligible for financial aid until you get them out of default.
Can you get a federal student Stafford loan if one of your parents has a student loan that is in default?
Yes.
Will the government repossess your home for student loan default?
No, they will not.
A student loan is considered default after?
In the US, a Federally Guaranteed student loan is considered default after 270 days on non-payment. If you need help with your delinquent or defaulted student loans, click on the link below.
Is student loan a spousal debt after divorce?
If the debt was acquired during the divorce is could be taking into consideration.
How can one get out of student loan default?
The easiest way for an individual to get out of student loan default is to pay off the remaining balance of the debt in full. This would also be the quickest way to rectify the issue.
Can my husbands wages be garnished if I default on my student loan?
Not if he did not cosign on the loans.
Can a parent get out of a co-sign default student loan?
Probably not - the reason a parent had to co-sign on the student loan is so the bank gets its money back if the student defaults. Unfortunately, you are probably on the hook for all the money and the default will be reported on your credit report.
Who will give a sister a student loan with bad credit Can you co-sign for her if you are not blood related?
the person that cosigns for you does not have to be related to you. and i dont know who will give you a loan without one, cause i cant get one either.
