Private loans with Navient. My dad is a co-signer and does not make much money himself. I am paying about 670 a month, and that’s the “income driven” plan, but takes up the majority of what I make a month. Sometimes leaving me short on rent, not eating well or regularly, et cetera.
What are the pros and cons of refusing payments when you have a co-signer? Can they garnish wages? Is there a way to try to refuse payment and hope to negotiate down or expire my debt without hurting my co-signer?
Damon Day and I answered your question on the podcast yesterday. You can listen to your answer below.