I need to make a decision whether to help my grandson with his loan. He left school years ago and never returned. I’m a second on his loan and he can’t pay the loan off. Is there any benefit to helping him. He owes $36,500 in principal and accumulated interest. He has already paid $27,000 over the last 12 years. I’m trying to help him reduce his debt by paying his loan down, but is there any benefit to me to do this. I understand that their is a maximum credit of $2,500. At this time I’m not sure I want to do this. I need help.
