How to Remove a Co-Signer From a Student Loan

How to Remove a Co-Signer From a Student Loan. Once you have established yourself and are in a financial position to pay your student loans independently, it is possible to take a co-signer off your current loan. This will improve your credit score and make the co-signer happy. Follow these steps to remove a co-signer from a student loan once you become eligible to sign yourself.

Make sure you have been paying your loan on time. The only way you are going to be able to get out of having a co-signer is if you have been paying that particular student loan on time for an extended period of time.

There are two ways to remove a co-signer: you can refinance the loan or contact your lender.

Refinancing is the process of getting a new loan at a lower interest rate to pay off the original loan. Loans can be refinanced with the original lender, or you can get a loan from another lending institution which may offer better rates and terms.

Another way to get rid of a co-signer is to contact your lending institution and request the co-signer be taken off. The lender will run your credit, and if it is sufficient, you will be able to take on your loan individually.


  • Pay back your loan on time. You will not be allowed to take your co-signer off the loan if you can't make payments on time. Think about consolidating your loans. This will give you one lump payment with better rates and terms than the loans individually. Do not abandon the co-signer until you are absolutely secure in your financial status.

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