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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.

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โˆ™ 2014-10-07 02:13:58
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Q: Do kids have to pay federal student loans when a parent dies?
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Does a cosigner have to replay a federal student loan if the student dies?

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.


If you have outstanding student loans and die is the estate charged for the student loans?

Actually, that's not true - student loans are forgiven when the student dies.


Are School loans forgiven at death?

it 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.?


If a parent dies with unpaid student loans does the child inherit the debt?

No! Probate Court or the student loan provider may look to some of the asets that your parent may have left behind to satisfy the student loan. But you cannot be made personally liable for your parent's studnet loans unless you co-signed for them.


What happens to federal parent plus loans when the parent dies?

Typically there are only a few ways federal loans can be written off or dismissed. Death or being permanently disabled are a couple of them. If a parent dies, the PLUS loan in their name will be dismissed. No one will need to make payments on it any longer. If his has happened, be sure to notify the lender for the loan what has happened. They will likely ask for documentation of the death.


Do they wave a student loan if you die?

In the United States, if a student dies with outstanding federal education loans, those loans are typically waved and the debt disappears. However, if the loans were through private institutions, the loans may or may not be waved depending upon the individual bank or credit union's rules.


What happens to a student loan when the borrower student dies?

According to www.studentaid.ed.gov/students/attachments/siteresources/RepayingYourStudentLoansEnglish2003_04.pdf Death of the student cancels Perkins loans, FFEL/Direct Loans. Stafford and Plus are included. Not sure about private loans.


If a student dies are the Stafford debts forgiven or passed on to the family?

If in case of death or total and permanent disability of the student Stafford Loans are completely forgiven.


When a widowed parent dies in California are the children responsible for the debt owed by deceased parent for loans credit cards taxes etc?

When someone dies in CA the relatives of that person are NOT responsible for the debts owed by that person. The credit cards and loans would like you to think you owe the money, but you don't.


If student dies who is responsible to pay student loans?

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.


If a parent cosigns a student loan and remarries is the wife responsible for the loan when the parent dies?

Probably not, unless it's a private loan and they live in Wisconsin.


Can your student loan debt be forgiven if your cosigner dies?

No. Your co-signer promised to pay if you didn't pay. You must repay the loans.


Is a co-signer responsible for the loan if the main borrower dies?

Generally, yes. That is generally the purpose of requiring a co-signer for any loan. In the US, the answer may be no if the loans are federally guaranteed student loans. Once the borrower dies, the government will forgive the loans. Contact the Ombudsman's office with the Department of Education.


If someone dies while they still owe student loans can the government take the money from life insurance policy?

In most cases student loans include a clause that cover the event of the person's death, usually by having the loan written off completely. You should doublecheck the loan agreement for what happens if the person dies, just in case it unfortunately does occur.


When custodial parent dies does noncustodial parent get custody?

Yes, they do.


Does the cosigner of a Sallie Mae student loan have to pay if borrower dies?

the safe bet is to call them about it. I would assume no though because that's how it works with federal loans and such. there is probably some legal work that needs to be done with sallie Mae for sure so contact them. im sorry for anyone's loss.


What happens when an animal's parent dies?

the animal will be confused as to where the parent is but over time will get used to not having a parent


Should you refinance your home loan and pay off your student loan debt or invest the money?

In most cases no, because student loans offer advantages that many other types of loans do not have. For example, in a number of cases, student loans can be forgiven (e.g., for certain jobs, or when the person who owes the loan dies, the student loan is forgiven). In most cases (depending on your tax bracket, other expenses and loans, etc.), it would be better to invest the money (e.g., in a tax-deferred plan, in real estate, etc.) or to pay off other loans, especially those with high interest rates and/or that are not tax-deductible. Of course, many factors have to be considered before making a final decision about this, such as opportunity costs, interest rates, if you have dependents, etc. <a rel="dofollow"href="http://www.studentauto1insurance.com" rel="dofollow">student car insurance</a>


What happens if one robin parent dies?

Then the other parent has to take care of the nest.


Does the non custodial parent have to go to court to get custody after the custodial parent dies?

yes


How does the daemon avoid getting killed when its parent process dies?

A true daemon process is disconnected from its parent, so it won't receive a kill signal if the parent dies. It becomes an independent entity after startup.


Does deceased student's estate pay student loan?

If the student dies, the loan dies with him/her. It's all in the fine print of the Master Promissory Note.


What should you do if a parent that owes child support dies?

what happens if a parent dies and he still owes arreaers in child support? Is his current wife responsible for this debt?


Is the cosigner of a student loan responsible to repay the balance of the loan if the student dies?

Most Loans Have An Insurance On The Person The Loan Is Made Out To. Check This Out, Get A Copy Of The Contract. If There Is Life Insurance AOn The Person That You Cosigned For, Then The Loan Should Be Paid Off By Insurance On Loan GOOD LUCK


If one parent has sole custody of a child and that parent dies will the living parent get the child?

State laws vary widely in the United States but in almost every state the biological parent has sole rights to custody of the child. If a custodial parent dies the surviving natural parent will normally be granted custody of the child.