Borrowers and co-signers of private student loans should have repayment options similar to federal student loans like income based payment options that will help to repay loans. Auto-default should be forbidden against borrower especially when co-signer dies or files bankruptcy. The borrower should be able to release co-signer and continue to make payments according to borrowers income.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
