Bill would require private student loans lenders to explain co-signer obligations
As we start to think about “back to school” you’ll want to consider this when you finance your child’s education. The Wall Street Journal (8/7, Pilon) reported that co-signers on private student loans are often required to pay off the loans even if the student dies. The journal relates the story of 25-year-old Christopher Bryski, whose family was confronted with the issue after his death. The Christopher Bryski Student Loan Protection Act, inspired by the case, would require private student lenders to explain co-signer obligations.