Say Goodbye to Student Loans With Cosigner Release
Eligibility Criteria for Cosigner Release
To qualify for cosigner release, lenders typically require that you meet certain criteria. These may include:
- Making a specified number of consecutive, on-time payments, often ranging from 12 to 48 months.
- Demonstrating a stable income and employment history.
- Meeting the lender's credit score requirements, which may vary but generally require a good to excellent credit rating.
- Submitting a formal application to the lender for cosigner release.
It's essential to review the specific requirements of your lender, as they can vary significantly. Some lenders may also charge a fee for processing the cosigner release application, so be sure to inquire about any potential costs involved.