Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Will cosigner have to pay student loans when I try for bankruptcy? - I just graduated from college around a month ago, so I still have at least 5 months for my grace period, however I do have over 120K in student loans and growing due to the high interest rate. At my current position, and in the near future, I will not even be able to pay off a sizable portion of the interest, since I have been on a job hunt for 2 months and have come up fruitless.
My mom has cosigned for around 40K of my loans, and am considering bankruptcy in order to get out of this.
Will my mom have to go ahead and pay off her part of the loan that she cosigned for or is there a way that she will be able to stay out of it? -
