Legal Question in Consumer Law in New York
school loan co-signer
I am a co-signer on my adult son's student loan. He is in the process of defaulting. Do I have any options but to pay the loan?
Asked on 1/23/08, 2:47 pm
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: school loan co-signer
If you co-signed on the loan you are equally responsible for the debt. Your only option is to seek indemnification from your son.
Mike.
Answered on 1/23/08, 3:01 pm
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