I was granted perminate and total disability last year. I have loans with Sallie Mae, and i had my doctor fill out the proper forms to discharge my federal loans. (They still have not processed that!) I also have a private loan that I have a cosigner on. Currently they have repayment set at about 60% of my total income. I have been underpaying on my loans, but I have been sending them what I can afford each month. They have been harrasing my cosigner, who can not afford to pay my loans because he has his own personal issues to deal with, nor do I feel he should have to pay my loans off.
What are my options? If I file a bankrupcy will my cosigner sill be obligated to pay. Is there any way I can get him off the loan? My credit is already really bad so I don't really care what they put on my report, but I don't want my cosigner to have his good credit destroyed because I'm disabled and unable to meet their repayment terms. Other than dying, I don't know how to get out of this mess!
Thanks for any advice. I'm in PA if that helps.