Co-signer release

Description

Co-signer release

Some lenders may offer to release the co-signer from the loan once the primary borrower or student borrower makes a certain number of on-time payments and meets other credit requirements, including a credit check. Your student loan servicer might not tell you when you are eligible to have your co-signer released. If you are interested in releasing your co-signer, you should contact your servicer to find out if you are eligible and what steps your lender requires. Here are sample letters seeking co-signer release that you can edit and send to your student loan servicer.