When I was young and wanted to go to college a close friend said he’ll co-sign for me to help me go to college. I’d like to say we were both naive about this whole situation and here I am with close to 200,000k student debt.
My co-signer was in the military for a while so my low interest rate made it manageable. But now he’s out and Navient is asking for 2,000 - 1,600 payment. I’ve entered an income driven repayment plan for the second time now and I believe I was told I can take that plan out one more time?
My girlfriend is pregnant and the baby is due late April. When that happens I’m gonna take on her bills and I’m generally worried about the whole thing.
I’ve juggled the idea of bankruptcy but then all my debt would fall on my co-signer who is a father of 3 kids (which I really don’t want to do that to him). Does Reddit have any advice? Can I remove him as co-signer and then claim bankruptcy?
Edit: forgive my typo in the title, it is indeed $200,000 of debt.
Submitted December 25, 2018 at 09:53AM by Ceesil http://bit.ly/2TbpWZl
