0
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.
What else can I help you with?
Can my husbands wages be garnished if I default on my student loan?
Not if he did not cosign on the loans.
Can an employer co-sign for a student loan?
Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.
If you cosign a student loan will you still be eligible for a student loan for yourself?
YES
What are the qualifications for a parent plus loan?
Qualifications for a Parent PLUS loan include being a parent of a dependent undergraduate student, having a good credit history, and not having any adverse credit history such as bankruptcy or default on a federal student loan.
If you didn't cosign your husbands student loan and it's in default can you get student loan andor Pell grant?
In the US, the answer is yes you can. If your husband need help with consolidating his defaulted student loans, please click on the link under the "Related Links" section below.
Can an illegal alien cosign loan?
SURE!! BUT GOOD LUCK TRYING TO FIND HIM WHEN THE LOAN GOES INTO DEFAULT!
If i cosign a loan for refinancing a home for a family member and they default what can happen?
You will be responsible for the money.
Are private student loan cosigners in danger if you default on other loans they didn't cosign?
OP here with more details: the private student loans they are cosigned on are current/paid on time, but other private student loans (with the same lender) are about to default. Can this in any way cause problems for my cosigner?
Can you get a student loan if one of your parents is in default on their student loan?
Yes.
How can a parent transfer a Parent PLUS loan into their student's name?
A parent cannot transfer a Parent PLUS loan into their student's name. The loan is the responsibility of the parent who took it out, and the student cannot take over the loan.
What is better a student loan or a parent plus loan?
Only a parent can apply for a parent loan. the payment plan for a student loan can be deferred until after graduation. It all depends on who is paying the loan off, the student or the parent
Is it possible for me to transfer a Parent PLUS loan to the student?
No, it is not possible to transfer a Parent PLUS loan to the student. The loan is the responsibility of the parent who took it out, and cannot be transferred to the student.
