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I Co-Signed a Sallie Mae School Tuition Loan for a Friend But They Say They Can’t Pay. – Vincent

Hi, i co-signed a school tuition loan from sallie mae about 10 yrs ago for then a close family friend. I recently applied for an apartment and found out he didnt pay anything and it destroyed my credit. This person has a personal buisness and a BMW and only crys poverty when I beg him to pay his debt. The loan is about $8,000 now and im a recently fired NYC teacher and am struggling and my fiancee left me because of this. I have no savings because i just finished paying off my own tuition.

Im stressed and need help…what can i do? could i claim id theft? could i sue him or his buisness even though its co-signed? Please help me i’m sinking.

Vincent




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