Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

CO-SIGNER RELEASE OF STUDENT LOANS COULD SAVE PARENTS AND GRANDPARENTS THOUSANDS OF DOLLARS

MT. PLEASANT 7/2/2015 4:11:39 PM

Many parents and grandparents who lent their credit to young loved ones in order to assist in financing their children’s or grandchildren’s education are unaware of a method that could potentially save them thousands of dollars. Some companies offer a co-signer release. A co-signer release allows for the co-signer to be released from legal responsibility for the duration of the loan once the borrower has proven he or she is capable of making all of the loan payments in full and on time themselves. Generally, a borrower must make at least a year’s worth of payments in full and on time before a co-signer may be released from liability on the loan.

However, each loan servicer’s terms for eligibility of a co-signer release differ, so it is important for borrowers and their co-signers to carefully read all terms and conditions prior to entering into the loan agreement. All too often, a borrower gets out of school and manages to make his or her student loan payments for a year and then goes into default after experiencing unexpected financial burdens such as a car accident or medical expenses. Once the borrower goes into default, the loan servicer may go after the co-signer to collect any outstanding balances on the loan. If the co-signer has already applied for and been approved of the co-signer release, the loan servicer is prevented from attacking the co-signer’s assets.

It is important for borrowers and co-signers to know their rights and to have the tools necessary to stay out of default. Student Loan Law Group offers an online community where members have access to knowledgeable attorneys who may direct them to repayment plans that better suite their needs. For more information on student loans, garnishment or default, contact Student Loan Law Group today at 888-843-1706.

More News

https://s3.amazonaws.com/findit-pictures/297844/6d7ffcdb-cca4-4588-8b9b-855008faa41e.jpg

Rely On Student Loan Law Group To Defend You In Your Lawsuit Against National Collegiate Student Loan Trust

Rely On Student Loan Law Group To Defend You In Your Lawsuit Against National Collegiate Student Loan Trust

Released On: 12/8/2017
Views: 4565

https://s3.amazonaws.com/findit-pictures/297844/5456ba2a-6bf2-4537-9425-adf651633211.jpg

Student Loan Law Group Defends Students In Their Lawsuit With National Collegiate Student Loan Trust

Student Loan Law Group Defends Students In Their Lawsuit With National Collegiate Student Loan Trust

Released On: 10/13/2017
Views: 4476

https://s3.amazonaws.com/findit-pictures/297844/604efb3e-7817-43d6-82eb-d8a3fddcc38e.jpg

Start Your Student Debt Lawsuit Defense Against National Collegiate Student Loan Trust With Student Loan Law Group

Start Your Student Debt Lawsuit Defense Against National Collegiate Student Loan Trust With Student Loan Law Group

Released On: 10/10/2017
Views: 4203

https://s3.amazonaws.com/findit-pictures/297844/027f180f-b919-4c6b-9ef6-b06194bf8842.jpg

Student Loan Law Group Provides Lawsuit Defense For Students Being Sued By National Collegiate Student Loan Trust

Student Loan Law Group Provides Lawsuit Defense For Students Being Sued By National Collegiate Student Loan Trust

Released On: 7/10/2017
Views: 4273

https://s3.amazonaws.com/findit-pictures/297844/169303d2-74bb-4f75-9eb0-57aa45cb12d9.jpg

Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Defense Lawyers At National Student Aid Care

Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Defense Lawyers At National Student Aid Care

Released On: 7/8/2017
Views: 4410

https://s3.amazonaws.com/findit-pictures/297844/d6c959c5-6c59-42fa-ac5f-28b3e132c1e0.jpg

Get Professional Student Loan Lawsuit Defense Against National Collegiate Student Loan Trust with Student Loan Law Group

Get Professional Student Loan Lawsuit Defense Against National Collegiate Student Loan Trust with Student Loan Law Group

Released On: 7/5/2017
Views: 4249

https://s3.amazonaws.com/findit-pictures/297844/a4688b1c-eb26-4b4a-91c7-baff4d03a261.jpg

When You Are Being Sued By National Collegiate Student Loan Trust Call Student Loan Law Group

When You Are Being Sued By National Collegiate Student Loan Trust Call Student Loan Law Group

Released On: 6/28/2017
Views: 4834

https://s3.amazonaws.com/findit-pictures/297844/59b604cd-bb7b-44d8-82ac-a1209aba091c.jpg

Student Loan Law Group Helps Students With Past Due Student Loans Fight Their Lawsuit From National Collegiate Student Loan Trust

Student Loan Law Group Helps Students With Past Due Student Loans Fight Their Lawsuit From National Collegiate Student Loan Trust

Released On: 9/6/2016
Views: 7067

https://s3.amazonaws.com/findit-pictures/297844/0ce898d2-3825-46e4-972c-c1be65e8d440.jpg

Student Loan Law Group Helps Students Fight Their NCT Lawsuit To Avoid Default Judgements

Student Loan Law Group Helps Students Fight Their NCT Lawsuit To Avoid Default Judgements

Released On: 8/22/2016
Views: 6024

https://s3.amazonaws.com/findit-pictures/297844/3021c827-b7e7-4047-a5bc-1194aef7242c.jpg

Get NCT Lawsuit Defense For Your Student Loans From Student Loan Law Group

Get NCT Lawsuit Defense For Your Student Loans From Student Loan Law Group

Released On: 8/15/2016
Views: 6568

https://s3.amazonaws.com/findit-pictures/297844/2b0d26c7-bf94-4946-9c3f-5e873e302c57.jpg

Fight Your NCT Lawsuit With Student Loan Law Group To Avoid A Default Judgement On Your Student Debt

Fight Your NCT Lawsuit With Student Loan Law Group To Avoid A Default Judgement On Your Student Debt

Released On: 7/25/2016
Views: 5781

https://s3.amazonaws.com/findit-pictures/297844/36a274ba-2ded-46c7-88be-f5d90538003b.jpg

National Collegiate Trust Lawsuit Defense Provided By Student Loan Law Group

National Collegiate Trust Lawsuit Defense Provided By Student Loan Law Group

Released On: 7/11/2016
Views: 5715

https://s3.amazonaws.com/findit-pictures/297844/17afac40-eb35-4de3-aabd-10fbbac7a24f.jpg

Challenge Your Lawsuit Against National Collegiate Trust With Student Loan Law Group

Challenge Your Lawsuit Against National Collegiate Trust With Student Loan Law Group

Released On: 6/27/2016
Views: 5599

https://s3.amazonaws.com/findit-pictures/297844/c2f57061-e8f8-4e3e-aa3d-51569845e9d7.jpg

Student Loan Law Group Can Help You Fight Your Lawsuit Against National Collegiate Student Loan Trust

Student Loan Law Group Can Help You Fight Your Lawsuit Against National Collegiate Student Loan Trust

Released On: 6/11/2016
Views: 5417

https://s3.amazonaws.com/findit-pictures/297844/29b02ccd-daa7-4aa5-b96b-0257b3f1d9de.jpg

Student Loan Law Group Will Help Defend You Against National Collegiate Student Loan Trust

Student Loan Law Group Will Help Defend You Against National Collegiate Student Loan Trust

Released On: 6/5/2016
Views: 5297

https://s3.amazonaws.com/findit-pictures/297844/5b533106-1562-4c21-9ac1-8b468a58e88a.jpg

Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Law Group

Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Law Group

Released On: 5/31/2016
Views: 5607

https://s3.amazonaws.com/findit-pictures/297844/8ec3619d-b298-4a70-859e-5cf7ab6205ec.jpg

Fight Back Against National Collegiate Trust Today With Student Loan Law Group

Fight Back Against National Collegiate Trust Today With Student Loan Law Grouo

Released On: 5/5/2016
Views: 4828

https://s3.amazonaws.com/findit-pictures/297844/f94c4f4c-5dfe-4ae9-88ac-5a192aad7b42.jpg

Consolidate Your Student Loans Today With Student Loan Law Group And Settle Your Case Against National Collegiate Student Loan Trust

Consolidate Your Student Loans Today With Student Loan Law Group And Settle Your Case Against National Collegiate Student Loan Trust

Released On: 5/4/2016
Views: 5020

Load More wait

Map

Student Loan Law Group

Get Directions

Student Loan Law Group

  • Mount Pleasant, South Carolina
    United States
  • 888-843-1706
  • Mt. Pleasant, SC
    Cleveland, OH
    Salt Lake City, UT
    New Jersey