Co-Maker [Education] Law and Legal Definition

According to 34 CFR 682.200 (b) [Title 34 – Education; Subtitle B -- Regulations of the Offices of the Department of Education; Chapter VI -- Office of Postsecondary Education, Department of Education; Part 682 -- Federal Family Education Loan (FFEL) Program; Subpart B -- General Provisions], the term Co-Maker means “one of two married individuals who jointly borrow a Consolidation loan, each of whom are eligible and who are jointly and severally liable for repayment of the loan. The term co-maker also includes one of two parents who are joint borrowers as previously authorized in the PLUS Program.”