A student loan default can impact more than just student borrowers

Parents who co-sign on student loans face the same ramifications for default as student borrowers.

Dirk Wierenga learned that lesson the hard way, The New York Times reported last year. His son came out of college optimistic about job opportunities and his ability to handle his student loans. But he eventually defaulted, and the repercussions of the default followed Wierenga who was the co-signer on the loans.

Wierenga had his state tax refund confiscated to pay for the loans, and worse, his credit score has taken a massive hit as a read more >>>

Source:: BusinessInsider.Com