How to Qualify for a Navient Cosigner Release (Plus a Shortcut)
Navient doesn’t like releasing cosigners, but there are multiple was to remove a cosigner from your Navient loan.
Navient doesn’t like releasing cosigners, but there are multiple was to remove a cosigner from your Navient loan.
If you are not careful, cosigned student loans can make it harder to get a mortgage and impact the size of your mortgage.
If the primary borrower isn’t making payments on a student loan, cosigners have several options to address the situation.
Cosigning student loans is usually a bad idea, even on refinance loans. However, if you are already a cosigner on a student loan, it makes sense to also cosign on the refinance loan.
Having your cosigner release application rejected is frustrating but predicable. Other options to remove a cosigner are usually more effective.
Lenders usually try to make it hard to get a cosigner removed from a student loan, but there are ways around these challenges.
Lenders have made cosigning on student loans a routine practice, but cosigning any loan is a risky decision with major consequences.
Lenders might ask a borrower to add another cosigner to their loan, but borrowers should say no to this request.
If you can’t find a cosigner and can’t get any more student loans, you might feel desperate. However, there are many resources available to help your situation.