Student loan cosigner

Unfortunately yes....the cosignor still have to pay off the loan. That is the one major difference between private and federla loans.

I am SOOOO sorry to hear of your sudden and tragic loss. What Key Bank is doing to you is disgusting in my opnion! There was a recent case last year involving a family in NJ who lost their son in a car wreck and were in a similar situation with cosigned private student loans. They went to the press and the story got some serious national attention to the point where some major banks will release consigners from their private student loans. I would urge you to do the same and expose Key Bank for their abhorrent greed! Call up all your local news stations and get your story out there!

I guess compassion is gone in America. I know Sallie Mae has insurance for that, why doesn't Key bank ? We can't afford the payments for a loan he is not going to ever need or use. Just does not seem right....we not only lost him but we lost his brother at the same time !

Thank you for the advise !! That is a route we will certainly take if all else fails.

Neither Salliemae or Key have insurance fror private loans....the coignor is the insurance.

then Sallie mae has a heart because those were forgiven !!

I lost my child in may2009,at the end of her 2nd year and i wasn't working fully after that .I asked chase bank to delay the loan or cancel it but nothing happened.

Co signed for my son theu Key Bank - there was a 2 year release option for cosigners based on on time payments. Found out today that Key Bamk has taken away this option even thought it was in force when the contract was signed. Stay away from Key Bank