Apply to release your cosigner

You can apply to release your cosigner from an open and active loan after you graduate or complete your certificate, make 12 on-time principal and interest payments, and meet certain credit requirements. Please keep in mind, only the borrower can apply for cosigner release.

If you’re the borrower and want to apply, you’ll need to:

  • Submit a signed and fully completed application.
  • Be old enough to enter a legally-binding contract in your state of residence.
  • Provide proof of graduation or completion of a certification program.
  • Be a U.S. citizen or a permanent resident at the time you submit the request.
  • Provide proof of income.
  • Be current on all Sallie Mae-serviced loans at the time of application review and have not been 30 or more days past due within the last 12 months.
  • Demonstrate a satisfactory payment history on the loan(s) requested by pre-paying an amount equal to the required 12 principal and interest payments or by making the required 12 on-time principal and interest payments. Interest or fixed payments made during the in-school and separation or grace period(s) do not count toward this requirement.
  • Have had no student loan(s) in a hardship forbearance or modified repayment program for the 12 months before you apply.
  • Demonstrate the ability to assume full responsibility for repayment of the loan(s).
  • Pass a credit review that demonstrates a satisfactory credit history, including, but not limited to, no bankruptcy, foreclosure, student loan(s) in default, or 90-day delinquencies in the last 24 months.

Please be aware that requirements are subject to change.

To apply for your cosigner to be released from your eligible loan(s):

1. Download and print the Cosigner Release Application.

2. Review page 1 for eligibility requirements, then complete and sign the form on page 2.

3. Return the completed application and required documentation to us one of the following ways:

  • Log in to your account, go to the Forms page, and select Secure Document Upload.
  • Mail it to Sallie Mae, P.O. Box 3319, Wilmington DE 19804-4319
Be sure to save a copy for your records.

Please allow up to 30 days for us to process your application.

If you think of any questions, chat with us through our app or online. You can also reach us at 800-472-5543.

Andrea explains how to apply to release your cosigner

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