Can I take out a student loan with a co-signer and then consolidate the loan on my name alone?

Question

My credit isn't good enough to get a student loan on my own so I am getting a co-signer. After I get the loan, can I consolidate it with a different company under my name alone to relieve my co-signer of any responsibility?

Answer 1

As long as you qualify for the second loan, yes.

The second loan will pay out the first loan and therefore terminate any liability from anyone that signed the first loan.