Legal Question in Credit and Debt Law in Nebraska

Re: Loan Cosign

A co-signor is equally liable for a debt as the signor. So, you may have a debt defense (which are few and far between with a student loan) but otherwise there's no way to "get out" other than paying off the loan. If you and the signor had an agreement that the signor would hold you harmless on any creditor action, you'd still be liable to the creditor but have the right to sue the signor.