You have not created and there are ways to be released if depending on the lender. Ignore the monthly service advertisement. You are not required to have a monthly service for me to answer your question.
The general steps you would take would be:
"The first step is to get in touch with your lender and ask about cosigner release. Luckily, the CFPB has your back and has crafted these nifty sample letters that you can use to communicate with your lender.
One of the letters is for inquiring about the process of cosigner release, while the other is for the cosigner, like parents, who are looking to be removed from the loan.
You can edit the letters as you wish and send them via email or snail mail to your lender. The most important thing is to get everything in writing so that you are clear on the process as well as the requirements for cosigner release.
Step 2: Gather Your Paperwork and Review Requirements
Many lenders will have specific requirements in order to get a cosigner released. Often this can be in the form of consecutive on-time payments, proof of income, proof of graduation, and creditworthiness. Make sure you get your paperwork in order, such as pay stubs, cosigner release forms, etc. Be sure to make copies for yourself as well!
Private student loan giant, Sallie Mae, has a list of requirements that borrowers need to meet to pursue cosigner release — including proof of income, a credit review, and more.
Step 3: Apply for Student Loan Cosigner Release
After contacting your lender and gathering your information, it’s time to apply for cosigner release. Send in your documentation via certified mail or via email and keep any communication from your lender. You should hear a response within several weeks — and if you don’t, follow up!
It’s key that you follow up, as many lenders don’t make it easy to access this information or don’t advertise cosigner release as an option at all.
Once you complete the process of getting your cosigner released, be sure to keep any documentation related to the process for your records to help you avoid any issues down the line.
Although cosigner release is something you should look into, I’d be remiss if I didn’t share some of the struggles borrowers deal with when actually trying to get their cosigner released.
“Borrowers have submitted complaints to the CFPB about problems releasing cosigner, even though the benefit was prominently advertised prior to the origination of the loan,” according to the CFPB report from above.
Optional: Release Cosigners Through Student Loan Refinancing
Another option for obtaining cosigner release is to refinance your loans through another bank. In addition to getting a cosigner removed from your loans, you may be able to reduce interest rates and save money on your loan repayment too. See our post on student loan refinancing to learn more about this cosigner release option.
While cosigner release may be a frustrating process of red tape and bureaucracy, it could save you from unnecessary trouble down the line." https://studentloanhero.com/featured/cosigner-release-how-it-can-protect-you-from-these-nightmare-scenarios/
Please speak to customer service a let them know that you do not want a membership. You should only pay the amount that was stated. If you were told this would be FREE that should be the case.