I cosigned student loans for my son for 3 years. He went for a loan for his senior year of college and they refused because it was up to $100,000,00. He had to quit ollege and they immediately made him start repaying back. (this is a Sallie Mae Loan). He cannot pay it and now they are coming after me to pay because I am a cosigner. I cannot pay because of my income.. His mother passed away when he was 13 years old and all I wanted was for him to go to college and get a good job. Now he works at a fast food place as a cook. When he was in high school no one told me about FAFSA, which I understand he could have gotten a lot of “free” money because of a deceased parent. Is there anything I can do about this mess or get out of it. We are both very distressed over this situation.
Thank you in advance for any advice you can give me…John