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Releasing a Cosigner

/Releasing a Cosigner

Your cosigner may be released from the loan under certain circumstances:

  • Only the primary borrower on the account can apply for cosigner release and must pass a credit check, which includes income verification.
  • Loans must be current, with 12 consecutive, on-time principal and interest payments prior to applying.
  • Payments that are interest only or otherwise less than a payment under a Standard (Level) Repayment plan do not count toward cosigner release eligibility.
  • The primary borrower must also be a U.S citizen or permanent resident and meet the age of majority in the state.
  • The primary borrower must also provide: proof of graduation or successful completion of of course of study and proof of income.
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