SLM Student Loan CoSigner Release

Sallie Mae is under no obligation to release the ex husband. Basically SM is not party to the divorce....and if if the courts demands someone pays, that will not change what is going on with SM.
I am assuming this is a private loan....SM will end up s uing all parties for judgement which takes time. Meanwhile interest is accruing and capitalizing.

years ago ,I have cosigning a student loan for a nephew.The loan went into default; meanwhile my nephew is working earning make more money than I do. Why can Sml retrieve his
ss# and makes him pay or ganish his check instead of going after the cosigner?

Has a judgement been filed yet frank? Both parties will end up being sued and then they will pursue both. However if they cannot find you nephew, his employment or his bank, they will go after the easiest target....you.

I co-sign my wife's student loan from Sallie Mae now we are divorcing. Can I get out of this situation as to when she defaults, they come after me.

Divorce does not remove any responsibility of the co-signor, even if the divorce decree says so. Basically divorce decrees are only enforceable by the court issuing it.

does the cosigner have to be on for 24 months or 24 payments

my mother signed for one of her grandson's (my nephew)student loans. she now needs to go into assisted living and her income is going to be taken over my the facility. what happens if the grandson doesn't pay and her wages go straight to the facility?

nothing will happen to her at this point. They may attempt to sue her but her income is probably exempt

My husbands signed as a cosigner for a cousin of his for $ 30.000 years ago. But recently we found out she forged his signature in 5 more loans for $ 70.000. Can my husband be realead of the ones he did sign? If we go to the police and report her, Sallie M must removed him from the loans of we have to suit his cousin ?

No, he will not be released from the one he did sign....that is a legitimate loan and he will be held responsible for that one.

You will need to get copies of all the prom notes before you file a police report. You will then need to send the police report and statements to sallie mae. Is the cousin aware she could be looking at jail time and criminal prosecution? Sallie Mae will prosecute to the fullest extent of the law.

I asked my father to co-sign a loan with Sallie Mae for my daughter's education. I have been making the payments on the loan. My daughter is unemployed. My Mother is terminally ill and due to Sallie Mae his credit rating has been severely limited.My father now can not borrow any money to pay for funeral expenses. HOw can I get Sallie MAe to release my Dad as a co-signer. What percentage of the present loan total will they charge to release the co-signer?

They wont release him....read the prom note.

Your daughter needs to get a job ASAP even if it is just part time to start paying down the loan.

Its easy, if your have a divorce and you are a man ... you always have to pay