Last Updated: August 5, 2025
Yes, the primary borrower may request that their cosigner be released from the loan if the primary borrower meets the following requirements:
1. Borrower is a U.S. Citizen or permanent resident.
2. Half of the original repayment term must have elapsed. (for example, if your loan has a 10-year repayment term the loan is eligible for cosigner release after the 5th year of principal and interest payments).
3. The borrower’s documented annual income must be at least twice the balance of the outstanding loan(s) (pay stubs, W-2 forms, tax returns, or other evidence of income must be submitted).
4. Borrower passes a credit review and has none of the following:
(i) 30 day or greater delinquency in the last 12 months, on any account, and
(ii) bankruptcy, foreclosure, or repossession in the last 24 months.
How to request cosigner release (Borrower only)
1. Gather proof of income (see requirement 3).
2. Go to the Document Upload Center and select “Cosigner release application.”
3. Upload the requested documents and submit.
Note: Any request submitted by a cosigner will be declined, the request must be submitted by the primary borrower.
Please allow 3-5 business days for the processing of the request.