A: The Discharging of Student Loans is extremely rare. As with any debt that involves a co-debtor, the co-debtor owes just like the original debtor. There is no special class because you are a co-signer, you can be sued just the same, and even before the other party. Generally, the Creditors go after the deepest pockets. I would suggest you pay, as federally backed student loans have no requirement for Due Process. Thus, they do not have to sue you to take your stuff.