Private College Student Loan

If you consolidate student loans, what happens to the responsibility of the cosigner?

I am looking into consolidating my student loans. I have 2 separate cosigners on the loans. If I consolidate, does that release them of their responsibility to the loan? Or are they still attached as cosigners?

Public Comments

  1. Consolidating means you are using a bigger loan to pay off smaller loans. So, in short, the old loans are now done and the previous co signers are no longer bound to the new balance. Unless they co sign for the consolidated loan, they are not responsible anymore.
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