Are you drowning in student debt? A large portion of Americans who attended college are. They proudly headed off to school and applied for student loans, knowing that an education would sustain them financially in life.
We all want the young people we love to have the best opportunities in life, which is why many parents and grandparents agree to co-sign for private student loans and federal PLUS loans. However, things don't always go as planned, and if the student ends up defaulting on the loans, lenders can come after parent- and grandparent-co-signers next.