Student Loans: Read the Fine Print on Co-Signers
http://articles.latimes.com/2014/apr/22/business/la-fi-mo-student-loan-defaults-cosigner-20140422 The federal consumer agency is now warning student loan borrowers to be aware that in the event that their co-signer passes away or files for bankruptcy, the lender can automatically (and without warning) require the borrower to pay the full amount immediately. These private lenders say that this is completely within legal bounds but […]
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