Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Will cosigner have to pay student loans when I try for bankruptcy? - I just graduated from college around a month ago, so I still have at least 5 months for my grace period, however I do have over 120K in student loans and growing due to the high interest rate. At my current position, and in the near future, I will not even be able to pay off a sizable portion of the interest, since I have been on a job hunt for 2 months and have come up fruitless. <br /> <br />My mom has cosigned for around 40K of my loans, and am considering bankruptcy in order to get out of this. <br /> <br />Will my mom have to go ahead and pay off her part of the loan that she cosigned for or is there a way that she will be able to stay out of it? -