Consolidate Student Loans
I am looking into consolidating my student loans. I have 2 separate cosigners on the loans. If I consolidate, does that release them of their responsibility to the loan? Or are they still attached as cosigners?
Answer by trh2000_2000
Consolidating indicates you are making use of a larger loan to pay off smaller loans.
So, in short, the old loans are now accomplished and the prior co signers are no longer bound to the new balance. Unless they co sign for the consolidated loan, they are not responsible anymore.
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