10 methods co-signers can protect themselves We t is a scenario few parents would ever give consideration to: After co-signing student education loans with their youngster, the youngster dies unexpectedly and loan companies seek out the parents for payment. That is what took place to 61-year-old Ella Edwards when her only son or daughter, Jermaine, passed on unexpectedly at 24. Instantly she ended up being accountable for significantly more than $10,000 in personal student education loans.