Cosigner's Rights When a Student Loan Borrower Refuses to Pay
My question involves collection proceedings in the State of: Florida
I cosigned a student loan for my Son in the late 80's. He has chosen to repay it and I cosigned. The Feds are taking a monthly payment from my Social Security every month and believe me, even the smaller amount hurts. How can I stop this? We retired to Alabama.
Re: I'm Stuck with Son's Student Loan As He Refuses to Pay and I Cosigned
Your only real recourse would be to sue your son for reimbursement.
As you've discovered, the Feds can generally garnish just about anything which isn't SSI.