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Generally, when you die your estate (assets, property, money) pays your debts first and what's left goes to your heirs.
Your heirs don't inherit your debts but they don't get what's left of your estate till the debts are paid.
If there is nothing left after the debts are paid, they get nothing, or if there is not enough to pay the debts then the balance of the debts die with you.
If you have significant assests you might want to consult a qualified estate planner.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoit appears that at least the Federal student loans will be cancelled upon notice of the borrower's death.
?Death of the Borrower. If a former student borrower dies, the executor -- the person who collects and distributes the property left at death -- can cancel any federal student loan.?
Wiki User
∙ 15y agoNo. Your co-signer promised to pay if you didn't pay. You must repay the loans.
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What happens when you have bad credit?
can't get loans for a car, school, and stuff like that because it shows you don't pay off loans.
What happens if you get kicked out of school?
you get dumber and die
When you get married are you legally responsible for her school loans?
If the her is your wife you are responsible for school loans and any other loans as well.
You have been accepted to two universities and accepted their respective packages and have loans pending at each with the intention of choosing one what happens with the loans for the other school?
Nothing happens to those loans if you don't sign for them. It's like getting preapproved for a loan at a bank. You are not responsible to repay onless you sign for the loan and receive it.
What happens for non payment on secured personal loans?
Personal loans
Can you be forgiven of student loans if your school closes?
No, your student loans will not be forgiven because your school closes.
What happens to a high school when aliens take over?
The school will get destroyed an we would all die!
What companies will help me consolidate my old student school loans?
I called a company that advertised in one of the medical magazines that was at the hospital. I tell all of my co-workers now to consolidate with Medical School Loans private student loans, Jennifer helped me consolidate all of my federal loans to consolidate my new loans and my old loans with Medical School Loans.
Is there any way to get out of paying back school loans?
No, there is no way to get out of paying back school loans. You can read more at www.soyouwanna.com/site/syws/loans/loans.html
Can I get loans to attend carpenter school?
Yes, you can the government will gave you loans for that,
When did Elijah Loans die?
Elijah Loans died in 1636.
Can I recieve loans for school when I already owe for school loans?
Yes, there are always ways to take out more loans for school. It is just the receiver's job to keep track of how much they are taking out so they can pay them back.
