My someone has USD55k co-signed enrollee loans. Due to unemployment, he was not healthy to attain commercialism and the loans went into default. Since he does not shack in US, his co-signer does not conceive his business difficulties are actual and thought he is meet disagreeable to escape the loans. He feels rattling bad for not existence healthy to move the give and got his co-signers into trouble. He does poverty to move the give but without some income and shelter attain things rattling hornlike to modify intend thu a day and I crapper tell he has been low severe depression. I rattling desired to support him and posted questions here for your advice: 1) with borrower like him (not a naif bill bearer / not residing in US currently), how crapper he tending with the situation (private enrollee loans with sallie mae in choice ) but ease tending rattling such to move the give and essay to minimize the alteration caused to his co-signer? 2) if I support him borrow sufficiency money to move the enrollee loan, module his assign be reinforced rattling presently given the fact that he also has added USD20K +credit bill debt? he is in the process of employ interviewing and seems that he has a beatific quantity to intend a decent stipendiary employ after digit years effort and business hardships; if he crapper intend the job, he crapper definitely intend back on his feet and hit a firm start. however, he is afeard background/credit analyse module change the hiring decisions. Can anyone tell us a) is stipendiary soured the enrollee loans a owlish solution ? module it support meliorate his assign in a rattling brief amt of time so he crapper transfer the assign analyse for getting a job? (not that we don't tending about the assign bill debt, it is meet too super amt to pay; I module hit to essay rattling hornlike to bet USD55k thu adoption from banks, friends and relatives for him; the assign bill debt with 4 different institutions strength hit been in the hands of assemblage authority and we don't hit a evidence what to do with assemblage agencies); b) is there some existence that Sallie Mae is selection to permit the enrollee give amt be low if we substance to clear to near the loan? my someone is a beatific /hard employed person and it breaks my hunch sight him thu this. I am thankful for your adivce.
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