Isn't this why the cosigner exists on student loans? Basically the cosigner is the one with collateral, capable of meeting the terms of the loan. While IANAL,

Isn't this why the cosigner exists on student loans? Basically the cosigner is the one with collateral, capable of meeting the terms of the loan. While IANAL, my understanding of reading a master promissory note for student loans is that basically the debt falls to the cosigner should the primary be unable to meet the financial obligations in any way (after wage garnishing, etc).