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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.
What else can I help you with?
What is a creditworthy cosigner for a private student loan?
a secured loan
Is the APR of a student loan determined by the credit of the borrower or that of the cosigner?
The cosigner I believe but check with the loan issuers it's in the details.
Can the borrower of a private student loan change the cosigner during the term of a loan or must she refinance to do that?
AnswerThe short answer is no, you can never change cosigner on a private student loan. If they die, however, it is transferred to you.
Can a cosigner remove the primary borrower from a loan agreement?
No, a cosigner cannot remove the primary borrower from a loan agreement. The primary borrower is responsible for the loan, and the cosigner is only responsible if the primary borrower fails to pay.
How can you get a student loan with no cosigner and only 1 year of employment?
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.
Who gets garnished for student loan The borrower or the cosigner?
the borrower
Is there a way to get a student loan that is not FAFSA loan and does not require a cosigner?
If you're creditworthy, sure!
How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?
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.
How can you get a student loan without a co signer?
You may want to consider a federal student loan as these types do not require a cosigner.
If you are a cosigner in someone's loan for a line of credit and he is at default what can the cosigner do to take his name back?
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
How can I remove a cosigner from a car title in California?
To remove a cosigner from a car title in California, you typically need to refinance the car loan in your name only. This process involves applying for a new loan without the cosigner's involvement and using it to pay off the existing loan. Once the new loan is approved and the old loan is paid off, the cosigner can be removed from the title.
Can the cosigner of a student loan be removed from the loan if the student did not use the loan for its intended purpose And the student did not finish college and is not paying the loans?
NO you have s secondary obligation for the note, not the money or how it was or was not used.
