It is not a proud feat that someone's son is not able to make the monthly payments on time for a cosigned loan because it will lead to their son defaulting on the loan and instead they have to repay.
Consider the statement "I cosigned a loan with my son, expecting he would make the payments and he has let me down by being late every month.". Based on this "I am very proud that my son cannot even make the monthly payments on time for the cosigned loan" a true statement? Yes, no, or I don't know?