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<p>OK, you might be able to convince me that if the cosigner themselves experienced an economic reversal of fortune and repayment of the loan would, in your words, put them in a situation of undue economic hardship, then the loan should be forgiven. In fact it sounds like the law already stipulates this.</p>
<p>But in this situation I have seen nothing to indicate that something happened and the the cosigner, who was once in a position to repay the loan, no longer can.</p>