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If a parent were to obtain a federal school loan for their child and the pass away , the child would not be responsible for paying it back. The loan would be discharged due to death discharge. A death certificate would have to be shown to prove death of the borrower.
You are not normally responsible for your mother's medical bills after she dies.
If nothing else, the spouses Estate would have to pay it, if there was $$$ for more info see www.steveshorr.com/estate.planning.htm
The estate is responsible for the decedent's debts.
The estate of the deceased is responsible. In many cases the spouse will be held responsible as well.
He Dies in Rocket School was created on 2007-07-03.
The federal government takes over
The spouse is not responsible and should not have this on her credit. But the estate of the deceased will still be responsible for the debt.
you rock the school
Federal student loans do not currently have cosigners. Parents who take out federal PLUS loans for their kids often think they are a cosigner, when they are actually the sole borrower. All federal student loans are discharged if the student dies.
yes
Yes.