Fed Financial

Are parents ever liable for debt on a Sallie Mae student loan if they are not cosigners?

Public Comments

1. No. They are not., unless they are cosigners.
2. Curious though - they don't usually let you borrow money without a cosignor. That's the whole point - someone to hunt down if you go delinquent. Whoever is listed as the cosignor is the one whose a** is on the line. Now if they can't find THAT person, who knows what they will do.
3. No they are not, if they didn't co-sign then they will not be liable, unless you put their name down for reference then they'll probably contact them if they can't contact you.