substantial gainful activity. (4) According to the CFPB, more than 90 percent of new private student loans are co-signed. (5) According to the CFPB, private student loan companies provide co-signer release to less than 1 percent of eligible borrowers. 2. Additional student loan protections (a) In general Section 140 of the Truth in Lending Act ( 15 U.S.C. 1650 ) is amended by adding at the end the following: (g) Additional protections relating to borrower or co-Signer of a private education loan (1) Clear and conspicuous description of obligation of borrower and co-signer In the case of any private educational lender that provides a private education loan, the lender shall clearly and conspicuously describe, in writing, the obligations of a co-signer with respect to the loan, including the effect that the death, disability, or inability to engage in any substantial gainful activity of the borrower or any co-signer would have on any such obligation, in language that the Bureau determines would give a reasonable person a reasonable understanding of the obligation being assumed by becoming a co-signer for the loan. (2) Prohibition on automatic default with respect to a performing loan (A) Death, disability, or bankruptcy of co-signer If a private education loan includes a co-signer, a private educational lender may not take any adverse action (including declaring a default, accelerating any loan obligation, increasing the interest rate, or altering any obligations under the private education loan in a way that is adverse to the borrower) against the borrower based on— (i) the death, disability, or inability to engage in any substantial gainful activity of the co-signer