Dear Abby: Mom is on the hook for estranged son’s college loan
A mother faces financial risk after cosigning her estranged adult son's student loans; legal advice suggests pursuing options to recover significant unpaid debt.
- A debt collector recently contacted the mother who cosigned her son’s education loans 10 years ago, and shortly after confronting him he stopped talking to her, so they haven’t seen each other in two years.
- A couple of years ago she discovered from someone else that the son never finished college, and she had previously paid off an earlier education loan after it went into default.
- She tried to contact her son about the payments but to no avail, and because of repeated bailouts and unpaid loans, he now owes her a significant amount.
- Mother is advised to contact an attorney, as doing so is not aggressive or punitive and may help her find a way out of this financial hole, risking her savings.
- Reluctant to sue, the mother worries about losing the relationship and asked Dear Abby whether a less aggressive way exists for accountability; Dear Abby is written by Abigail Van Buren, also known as Jeanne Phillips.
15 Articles
15 Articles
Dear Abby: I cosigned my son’s loans, but he’s stopped paying and stopped talking to me
DEAR ABBY: My son took out a couple of education loans, which I cosigned when he was starting college 10 years ago. A couple of years ago, I found out (from someone else) that he never finished college. When I confronted him, he mentioned that he “intends” to finish college and is working toward it. He did not mention how many credits he has completed, what made him quit or why he didn’t consult me before dropping out. Shortly after that convers…
Dear Abby: Mom is on the hook for estranged son's college loan
We haven't seen each other in two years.
Dear Abby: I’m stuck paying for my son’s education debt
Dear Abby: My son took out a couple of education loans, which I cosigned when he was starting college 10 years ago. A couple of years ago, I found out (from someone else) that he never finished college. When I confronted him, he mentioned that he “intends” to finish college and is working toward it. He did not mention how many credits he has completed, what made him quit, or why he didn’t consult me before dropping out. Shortly after that conver…
Dear Abby: Deadbeat son hasn’t paid off student loans I co-signed for. Am I on the hook for this?
DEAR ABBY: My son took out a couple of education loans, which I cosigned when he was starting college 10 years ago. A couple of years ago, I found out (from someone else) that he never finished college.
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