Legal Question in Credit and Debt Law in New Jersey
student loan collection
my 63 year old .mother co-signed for her grandson's student loan. grandson gradurated and now will not pay back loan. what are the penalties to my mother, can they garnish he retirement &/or social security check?
Asked on 12/11/07, 8:26 pm
1 Answer from Attorneys
Jef Henninger, Esq
Law Offices of Jef Henninger, Esq.
Re: student loan collection
They can take a % of it. She could sue him but without anything in writing, it may be very difficult. This is the reason you shouldn't cosign for anyone.
Answered on 12/12/07, 1:39 pm
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