Help with defaulted Student Loans

anyone know what i can do if im a cosigner on an ex's student loan and she has no job,and it has defaulted. i pay her childsupport..will i still have to pay since i have an income?

Cosignors have the same responsiblity as the borrower for payment. Be aware that since it has defaulted, they will end up sueing both of you.

Need help with defaulted loan situation, not sure how to use this fantastic website. please advise

I am currently on full SS disability and was using it to pay my living expenses while I took out $30,000 in student loans over a 6 year period to pursue an education to become a rehabilitation therapist (OT). My injuries included head injury that did not allow me to pass critical courses in my study program and I was dismissed from school for academic failure. NOW I am faced with no OT profession, a large student loan debt to start paying off in 6 months, and Social Security soon to stop giving me disability in a few months. I think I am in huge trouble. Is there any advice on what I should do? I hope I can even afford to have a roof over my head and be able to eat while doing some minimum wage job!

Simply state your issue.

Hopefully these are all federal loans. Your best option is to consolidate with Direct Loans under the Income Contingent Repayment plan.

No matter how you'd look at it, Student Loans are evil! Because of irresponsible and greedy government and private sector, soon, we're going to have to face another economic meltdown, but this time it will be much, much bigger.

Federal loans are NOT evil. There are more payment options than ever before. How many forms of credit can you get a payment plan of zero (if the income is low enough) and still be considered in current standing. Federal loans only require a little time and money management.....if you default you can still consolidate. You just cannot bury your head in the sand. The default rate has actually gone down, not up.