If I co-signed for a student loan and it has gone into default, what happens?

Additionally, any late or missed payments are reflected on both your credit history and the student’s. Private lenders will often hire collection agencies to get you to repay, and they may also sue you in court.

Remember that you have rights when dealing with debt collectors, and it is against the law for a collector to harass you or make false statements to you.

See other options for dealing with default on a co-signed student loan.