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With Sallie Mae, a student can apply to release you as a cosigner after they make 12 on-time principal and interest payments and meet certain credit requirements — like passing a credit review ...
A co-signer takes on all the rights and responsibilities of a loan along with the borrower. This means that if the borrower can’t make a payment on the loan, the co-signer is responsible. If you ...
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Discover Financial. Discover Financial Services is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
Student Loan Forgiveness Backfires: The $35,000 Debt Problem Plaguing Borrowers as Payments Resume ... At some point during the life of the loan, you could release your cosigner from the obligation.
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