; or (ii) the bankruptcy of the cosigner. (B) Bankruptcy of borrower If a private education loan includes a cosigner, 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 any cosigner) against the cosigner based on the bankruptcy of the borrower. (3) Borrower requirements regarding death or disability of borrower In the event of the death, disability, or inability to engage in any substantial gainful activity of a borrower of a private education loan— (A) the borrower, the estate of the borrower, and any cosigner of the private education loan shall not be obligated to repay the outstanding principal and interest on the loan