<p>Wow, this is the first time that i have thought about this issue…I am very surprised that the co-signer did actually get out of paying. I am actually amazed because isn’t that the whole point of getting a cosigner in the first place??? </p>
<p>I think the idea that was tossed out on this thread about life insurance is the best idea. It makes perfect sense and would probably not cost very much either. I would not be surprised if banks and loaning institutions did not start requiring something like that with the way the economy has been. </p>
<p>I can’t imagine having to deal with your child dying so young and with so much promise ahead of them. That is just so sad…Then having to deal with the nightmare of issues that happen after, such as a large amount of debt. It would be the best move for anyone that wants to help out anyone else as a co-signer to have the person that they are helping get a life insurance policy. For relatively small payout and the fact that the student is so young, it would be very low cost payments.</p>