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I would assume the loan would cancel, and no one is to pay back anything since the student is diseased and is no longer in need of the money.
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∙ 15y ago
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Is a husband responsible to pay for a deceased wife's student loans?
A wife pays for her student loans. First the student has to pay for his own loans. Husband doesn't have to at all. Take legal advice. The repayment of the debt could be taken from her estate before any bequests.
Do you have to pay off the Wells Fargo student loans myself?
Most loans require students to pay back the money as soon as they're out of college and have a paying job. If a parent wants to pay back the loan their student has took out, then the student won't have to pay. However, students are responsible for paying back loans like the Wells Fargo Student Loan.
How do co-signers on car loans get off the loans when the other signer dies?
The only way you will get off the loan is to pay it off. If the other owner died, then you are now solely responsible for the loan.
How can one get loan forgiveness for student loans?
One can get a loan forgiveness for a student loans by visiting an employment center where they will help one pay of their loans or pay the entire amount them selves.
What does pay back have to do with student loans?
Pay back in reference to student loans is the time when the loan becomes due and the student must begin paying on it. This usually occurs when the schooling has finished.
How can you get assistance from your school to pay off debt from student loans?
There are many ways to pay off the debt from student loans. Unfortuneately, I am unaware of any ways for you to get help from your school in paying off these loans. There are some websites that can help you with paying off your student loans.
How do I pay off my college student loans quickly?
This is the website that I found most helpful when looking for information on How do I pay off my college student loans quickly. here is the website www.rbcroyalbank.com/student
What is the purpose of Nelnet?
The purpose of Nelnet is to help student's to pay their student loans.
Are student loans outstanding?
than you have pay back
Do you still have to pay back student loans if the school is no longer in business?
Possibly - it depends on the terms of your student loans. If you took out a private student loan through a bank, you will probably need to pay back the loan. If you took federal student loans, depending on when and why the school closed, you may not need to pay the loans back. You should check with the institution that you have been sending your student loan payments to.
Does a spouse have to repay student loans after the person with the loans dies?
The student loan should be paid out of the estate of the deceased before it is distributed to the spouse. If there isn't enough to cover the debt, the spouse should not be held responsible for the balance, unless both people signed the loan. Many people misunderstand who pays the outstanding debt. The surviving spouse does not pay the debt, but it comes out of the estate before distribution.
How long does it take to pay back student loans?
Loan Calculators You can use this student loan payoff calculator to estimate how long it will take to pay off your student loans. Use this tool to determine how quickly you'll pay off your student loans. By making a higher monthly payment, you can shorten the length of your loan.
