How to Get a Navient Co-signer Release
Updated On October 21, 2022
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If you have private student loans with Navient, you may be wondering how to get a Navient co-signer release. A co-signer may be a parent, spouse or grandparent who helped you get approved, and assumed financial responsibility, for your student loans. If you have a co-signer for your Navient loans, you may be wondering about a Navient co-signer release.
How do you remove a co-signer from your Navient student loans? When you remove a co-signer, you can assume full financial responsibility for your student loans. You can seek to remove the co-signer from your Navient student loans directly with Navient. Alternatively, you can also refinance your student loans with a different lender. Student loan refinancing can help you to get a lower interest rate, save money and pay off your student loans faster.
In this guide, you'll learn everything you need to know about how to get a Navient co-signer release:
- Meet the student loan payment requirements
- Use the Navient co-signer release form
- Show income and expenses
- Demonstrate proof of citizenship and graduation
- Provide names of your co-signers
- Submit the Navient co-signer release form
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1. Meet the student loan payment requirements
To release a cosigner from Navient student loans, you first must certain requirements. For example, you must graduate or complete your course of study. You also must make 12 consecutive, on-time private student loan payments. Remember, a co-signer release is for your private student loans, so your on-time payments must be for your Navient private student loans. Make sure that your payments include both principal and interest payments.
2. Use the Navient cosigner release form
- Visit the Navient homepage.
- Go to the “In Repayment” section of the main menu
- Select “Private Student Loans”
- Scroll to “Releasing A Co-signer”
- Download the application to release a co-signer
3. Show income and expenses
On the application to release a co-signer, you will be asked to provide basic information such as your name, date of birth, contact information, citizenship and employment information. Be prepared to share your income and expenses. To show proof of income, you can provide a W-2, 1099, pay stub or even a recent income tax return. In terms of expenses, you may be asked to provide other debt obligations such as other payments for student loans, credit cards or mortgages.
4. Demonstrate proof of graduation
To get a release of Navient student loans, you will need to provide a college diploma or official transcript to show proof of graduation or course of study completion. Remember, you must graduate or complete your studies before you can get a cosigner release.
5. Provide names of your co-signers
Most student loan borrowers have one co-signer. However, it’s possible that you have more than one student loan cosigner. List the name of your cosigner or cosigners on your cosigner release application. This will indicate to Navient which cosigner or cosigners will be released from financial responsibility for your student loans.
6. Submit the Navient co-signer release form
Congratulations! You have finished your Navient co-signer release form. Don’t forget to sign the application. Now, it’s time to submit the form. You can mail your complete co-signer release form to:
P.O. Box 9640
Wilkes-Barre, PA 18773
Here is more information on how to contact Navient customer service.