If I cannot make payments on my loan, is my co-borrower responsible for repaying my loan? February 24, 2020 21:56 Updated Yes. You and your co-borrower are jointly liable for making your loan payments. Related articles If I build a good payment history for an extended period of time, can my co-borrower be removed? Will SoFi be offering support to those impacted by COVID-19 and unable to make loan payments? What is SoFi Relay? Will making a large payment or additional payments change my monthly due amount?