Reply To: Co-signed on a student loan
Unfortunately, your friend is screwed. It’s a tough spot to be in when you want to help your kids, but they are responsible for every penny. Plus, student loans never go away even if you file for bankruptcy.
They need to get in sync with their kids and create a plan to pay off the loans. Loan services are willing to work with the student to an extent to have them make payments on an income based repayment plan. Something to look into.