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Sallie Mae Student Loan

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Anonymous
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Sallie Mae Student Loan

My 27 year old daughter has a serious illness and has been unable to work for 2 years.. I am paying all of her living and medical expenses including student loans.   Her father co signed a Sallie Mae Student Loan which he refuses to pay. The only way Sallie Mae will go after him is if she defaults on the loan which will ruin her credit.  Does anyone have a suggestion?
Message 1 of 2
1 REPLY 1
LynnInMN
Frequent Contributor

Re: Sallie Mae Student Loan

You need to tell your daughters father that as the cosignor, he holds all legal responsiblity for this debt.  If the loan defaults, it becomes due in full and Sallie Mae will sue him for the balance.  His credit will be trashed.
Ex-Financial Aid Officer

Ex-Student Loan Collector
Message 2 of 2
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