Co-Signing

How Can I Avoid paying Sallie Mae Loan as a Co-Signer?

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Question: Dear Steve, My ex-fiancé wanted to take an online business course and he needed to take a loan so I co-signed for him and we got the loan through Sallie Mae, and we ended breaking the engagement last year, since the break of the engagement I have reached out to him via email to remove me as a co-signer ... Read More »

    I’m on a Fixed Income and Can’t Afford to Pay on Cosigned Student Loan

    retirement

    Question: Dear Steve, I co-signed for my son in 2008–payment were current until Nov 2015 when he lost his job. He has talked to them several time at Navient-Sallie Mae sold loan to them- now I am getting calls about 4 times a day, I’m retired on fixed income of appx $1150 month. They just tell me I have to ... Read More »

      Should I Just Stop Paying Navient and Not Tell My Cosigner?

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      Question: Dear Steve, I have a Naivent private loan in the amount of $56,000 and just recently graduated. Unfortunately since graduating I have been unable to find a job and was forced to put my loan in forbearance. My forbearance will be up in March, yet I still have not found a job. Naivent informed me that my minimum monthly ... Read More »

        Is There a Way to Get My Wife Off as a Student Loan Cosigner?

        stressed-woman

        Question: Dear Steve, My wife and I have 3 boys all have graduated from college, they are not behind and have good jobs. They are very responsible about paying there bills. One is a nurse has about $90,000 student loan and other has about maybe $15,000. My wife co-signed for the younger two while they were in college. Is there ... Read More »

          There is No Way I Can Ever Afford My Private Student Loans. What Can I Do?

          Question: Dear Steve, I have a total student loan debt of $140,000. Out of that total amount, about $131,000 is Private Student Loans. I have a bachelor’s degree that I received in 2012. I have been working since the day I graduated making decent money, but not enough to live on my own and afford my minimum private student loan ... Read More »

            Can I Not Pay My Private Student Loan With a Cosigner?

            Businesswoman does the questions

            Question: Dear Steve, I paid my undergraduate degree completely in loans, some federal, most private. The private loan companies include: Discover student loans and Wells Fargo. My loans are sum total of 70,000. I want to go back to graduate school but I’m terrified of getting into more loans. What do you suggest for lenders who have cosigners? Claiming bankruptcy ... Read More »

              What Can I Do to Get Out of Being a Cosigner on a Private Student Loan

              questions

              Question: Dear Steve, I co-signed a private student loan in 2005 for my ex-wife (she was not my ex-spouse in 2005). The amount was $10k. Current balance is ~$6,400 and is in deferment (1-2 months left on that). She agreed to pay it post-divorce but fails to do so unless her arm is twisted enough (usually when it becomes 120+ ... Read More »

                How Can I Stop Being a Cosigner on My Ex-Wife’s Student Loans?

                Sagging Economy

                Question: Dear Steve, I cosigned on two private student loans for my ex-wife when I was 23. Oops. It was during the time when a lot of private loan companies were very predatory. Each loan was for about $40,000 (Total $80,000). My ex and I agreed via a bi-lateral agreement that she would take all responsibility for these loans and ... Read More »

                  How Can We Get Collectors to Stop Calling My Father for Student Loan Payments?

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                  Question: Dear Steve, My dad is over 75 yrs old with diabetes and needs a break from the creditors that harass him about his granddaughter’s loan from a private christian college she attended. He volunteered but now we want him forgiven for cosigning. How can my daughter and I help him this time around. She pays each time however sometimes ... Read More »

                    Am I Doomed as a Student Loan Cosigner?

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                    “Dear Steve, I co-signed a Sallie Mae (now Navient) student loan for my daughter’s half-sister about 10 years ago. She never finished her degree, got married and just gave birth to her third child. For the most part, she’s made payments on the loan but often put it in deferment or forbearance for periods of time. The current amount of ... Read More »

                      What Happens to My Cosigner if I Stop Paying My Student Loans

                      NCLC Report

                      “Dear Steve, Over $200,000 in private student loan debt with a cosigner. If I choose to stop paying my private student loans, will I be held responsible or will the companies go after my cosigner? Lulu” Dear Lulu, Nothing good is going to result. The lender will most likely pursue you and/or the cosigner for payment. The defaulted payment history ... Read More »

                        I Co-Signed With Sallie Mae for My Daughter. Now They Want to Sue Me.

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                        “Dear Steve, I am having an issue with Sallie Mae student loan debt that I co-signed for. They are threatening to sue me since my daughter cannot pay the debt. I am unemployed and have been out of work off and on for over 6 years. I have only worked 5 weeks this whole entire year. I have no assets ... Read More »

                          My Ex-Friend Won’t Pay Me What They Owe And I Cosigned

                          angry woman

                          “Dear Steve, A friend asked me to use my house for a line of credit for a rental apartment about 7 years ago. I put in $45000, he put in $10000 his boyfriend paid the closing. We stopped talking two years later, but he took care of it and paid the bills. Till last October. He stopped paying the regime ... Read More »

                            Can I Really Get My Co-Signer ReleasedFrom My Sallie Mae Loan? – Robert

                            Moving Up

                            “Dear Steve, I have about $25K in private student loan debt from Sallie Mae, I have been making payments since 2008, always on time. My mother is the co-signer, she is retiring soon and would like her name removed from being the co-signer or for me to pay it off….unfortunately I do not have the money to pay it off, ... Read More »

                              How Can I Get My Father Off My Private Student Loans as a Co-Signer?

                              loan-approved

                              “Dear Steve, I’m about $80,000 in debt in private student loans. I’m behind on my payments and my credit is a mess. My father co-signed on my loan with his perfect credit. I was wondering if you had any advice for me. Is there any way to consolidate private student loans without adding a co-signer? I am trying to consolidate ... Read More »

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