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  1. #1
    Join Date
    Jan 2012
    Posts
    1

    Default Rights of a Disabled Cosigner to a Student Loan

    My question involves collection proceedings in the State of: Indiana

    My grandson has for over a yean now refused to pay back his student loan and since I co signed for this loan I was working at the time I co signed and have since been injured and now I'm on total disability social security SSI. I've been stuck paying back his student loan for over 2 years and I just can't make it month to month now since my income was reduced by my injury. Is there any help out there for a disabled co signer??? Please Help......

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: I'm Co Signer and Now on Disability and Student Refusing to Payback Loan

    To clarify, are you on SSI or SSDI? SSI is for those not having enough work quarters in to qualify for SSDI, or is supplemental, if the amount they have coming in is lower than SSI would provide.

  3. #3

    Default Re: Rights of a Disabled Cosigner to a Student Loan

    You can attempt to sue him for amounts owed, or you can simply quit paying, take the hit to your credit report, and if the lender takes the case to court, let the lender figure out which one of the co-signers has the ability to pay (cause that's who they'll want to go after).

  4. #4
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Rights of a Disabled Cosigner to a Student Loan

    Not quite Catherine. SSDI can be garnished up to 15% for student loans. SSI cannot be garnished. I believe $750 is the minimum level of SSDI you can be garnished too.

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