Can a co-signer ever be released from the loan obligation?
Upon request, co-signers are eligible for co-signer release if the first 48 payments of principal and interest are paid on time and at any time prior to the 48th on-time payment, the borrower elects to have monthly principal and interest payments automatically transferred from a savings or checking account and continues to make such automatic payments through the 48th payment. The borrower must meet credit criteria at the time of the co-signer release. The co-signer release is available for Undergraduate/Career Education, Graduate/Professional, and Continuing Education loans.
