<p>A friend of my daughters has to stop school due to family finances for the next year. This means he will have to start repaying student loans.</p>
<p>When his mother can co-sign again, and he can attend school again, will he have to continue to repay those loans, or does the repayment stop again once he is back in school until he is done?</p>
<p>thanks, I don't know anything about this stuff! </p>
<p>They need to contact the lenders. They have to notify them anyway. For the federal loans, sure they repayment will stop again when he is enrolled full time. But she is signing private loans too if she is cosigning something, so in that case contact the lender, private loan rules, who knows.</p>
<p>Federal loan info is here
<a href=“https://studentaid.ed.gov/types/loans”>https://studentaid.ed.gov/types/loans</a></p>
<p>right. Is this regulated or not?</p>
<p>Is this kid going to be stuck trying to repay loans and go to school at the same time? Wow. Just one bad luck summer for his mother. I hope we haven’t allowed that. </p>
<p>I will pass along the info to contact the lenders. thanks.</p>
<p>It sounds like they may want to reassess whether the school is affordable. I love my Ds but knowing what I know now about cosigning, I wouldn’t do it for them.</p>