My Mother Cosigned My Son’s Student Loans. – Becky

“Dear Steve,

My mother co-signed two private student loans for my son. One with Wells Fargo and one with Sallie Mae. She has now passed away. There is no estate. Will the loaners be willing to renegotiate the loans with my son? He has just graduated and not started making payments yet.


Dear Becky,

I’m sorry to hear about the passing of your mother.

The lenders will have to go after your son for the full amount due unless they are willing to negotiate some reduction, which is unlikely unless his loans are in default, his balances rocket, and he faces being sued.

The absence of the cosigner and no assets to go after just leaves the other loan holder.

If you have not done so already you should send the loan companies an original certified death certificate and let them know of her passing.

Please post your responses and follow-up messages to me on this in the comments section below.


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Steve Rhode
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