Cosigning can be a financially risky move, but a lot of parents cosign on a child’s student loan so they can pay for tuition. The good news is if your child makes timely, regular payments once the loan kicks in, some loan providers will allow you to release the cosigner. Student Loan Hero tells us how it’s done.




Navient is one servicer that offers this option, and Student Loan Hero uses them as an example:

...there may come a time when having a cosigner is no longer necessary for you. Releasing your cosigner from their financial responsibilities can be liberating for the both of you, and it’s a relatively straightforward process. According to Navient, primary borrowers can qualify to release their cosigner once they graduate and have made 12 consecutive, on-time payments (both principal and interest).


The process basically involves filling out an online application and providing proof of income, expenses, graduation, and citizenship. American Education Services brings up a couple of important things to keep in mind, though.

For one, lump sum payments usually count as one qualifying payment. A lump sum payment can help you save on interest, but don’t expect to release the cosigner early by making a large upfront payment.

Second, forbearance might disqualify you from the release, or it might restart the clock on the consecutive payments required. If you’re looking into forbearance, this is something to keep in mind and possibly discuss with your cosigner.


The qualifications vary depending on the servicer, but in general, this is how it’s done. Student Loan Hero offers additional detail on the process at the link below.


How to Request a Navient Cosigner Release | Student Loan Hero

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