Comments on: Cosigners on Student Loans: A Last Resort Option https://studentloansherpa.com/cosigners-student-loans-resort-option/ Expert Guidance From Personal Experience Tue, 20 Jul 2021 15:15:58 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Michael Lux https://studentloansherpa.com/cosigners-student-loans-resort-option/comment-page-1/#comment-1377 Thu, 01 Oct 2020 00:24:52 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=5334#comment-1377 In reply to Concerned Daughter.

That is a really tough situation.

To answer your question, it is possible that the lender could sue your father for reimbursement. They could also go after his assets once he passes. There are a few things that can be done to address the issue, but it can be very challenging.

Your best bet might be for your brother to reach out to the lender to see if they can work out some sort of relief. During Covid some lenders have been more understanding than usual.

]]> By: Concerned Daughter https://studentloansherpa.com/cosigners-student-loans-resort-option/comment-page-1/#comment-1376 Thu, 01 Oct 2020 00:12:43 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=5334#comment-1376 Question- My brother has not paid on his student loan for sometime. My father is the co-signer. my father is 90 years old and has Alzheimer’s. My sister k
lives with him and is his caretaker. My father has received several letters and phone calls regarding the unpaid balance. Can they come after my father for reimbursement. The only asset he has is his home. Could they take his home from him if not now once he passes?

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