Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
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There are a couple of possible options - The U.S. Dept. of Education does offer refinance options directly (so the student can attempt to refinance through the US Dept. of Education borrower website) usually at a better interest rate.
You may be able to find a way to refinance the entire loan at a lower interest rate (and without the restrictions of a student loan) through a traditional lender (such as a home equity line, a personal line of credit, or other loan - also at a lower interest rate.
If the student is permanently disabled, they may qualify for a discharge of their debt - to do this, they would need to both file for bankruptcy, then file what we call an "adversary proceeding" (a civil trial) against the lender in bankruptcy court. For this I highly recommend retaining a bankruptcy attorney as the procedure both moves very quickly and the standard for discharge is very high (not many student's qualify for this discharge, but the student you co-signed for may).
The standard for discharging student loans is very high (and it requires the student debtor to prove their disability in trial - not everyone with a disability qualifies), so I would recommend that the student speak to a local bankruptcy attorney (that has experience with these adversary proceedings) to discuss this option.
The Dept. of Ed link is: https://studentaid.ed.gov/sa/repay-loans/consolidation