Tag: private loans

A parent co-signed a student loan for their 18-year-old daughter who then dropped out of college and now has $20,000 in debt. The parent, living on Social Security Disability, is concerned about being held responsible for the loan payments. The advice given is that the parent will likely be liable as a co-signer, particularly since these are likely private loans. Suing the daughter is discouraged due to her lack of funds. Instead, the parent should