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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.

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โˆ™ 2009-11-19 19:38:19
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Q: What happens to your school loans when you die?
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Related Questions

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.

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.

Where can I get law school loans ?

School loans can be found at the official government website. Because you are unemployed, you may qualify for several different loans or grants to go to school.

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 for non payment on secured personal loans?

Personal loans

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 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

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.

What happens to a high school when aliens take over?

The school will get destroyed an we would all die!

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.

Does sallie Mae offer private student loans?

Yes, Sallie Mae does offer private loans. These loans can be used to attend college. These loans are available to those who have graduated school, as well as those who did not complete high school. Sallie Mae also offers loans to parents of those who did, or did not complete high school.

If you go back to get a MA and have student loans from your BA do you stop paying those loans while in school?

Yes, you can get an in-school deferment on your undergrad loans if you go back for masters.

Are there any student loans available for a esthetician school?

There are loans available for that. For a list of loans and grants available you can visit

Where is the best place to get school loans?

You can apply for loans from the government by filling out the FAFSA. You can also search the web for scholarships for your school or major. As a last resort, some banks may offer deferred or low interest loans for school.

What are the most affordable options to school loans?

Federal student loans have different interest rates and options when compared to private loans, and you may qualify for different types of loans. Try scheduling an appointment with a financial aid counselor at your school, who can educate you about all of the loans that are available to you.

What kind loans does Bank of America offer?

Bank of America gives many types of loans. They give home loans, auto loans, school loans, and refinance loans. These loans are offered online at the official Bank of America website.

What are the differences between direct and indirect student loans?

The difference between direct and indirect student loans are direct loans come to you in your name to deposit and use for school. Indirect loans go stright to the school and are used just for tuition.

Can you start paying back student loans while in school?

Yes you can. Most loan companies will allow you to make payments even though you are still in school. I am in Grad school and even though my undergrad loans are in deferment, I am still making payments to the loans that are accruing interest. The loans that are subsidized and not accruing interest, I am leaving alone until I payoff the unsubsidized loans. Find out who has your loans and contact them about where to send payment.

Is there extra loans for school to help out with bills after school is already paid for?

In the UK yes, there are also student loans to help with living expenses.

I owe about 7000 in student loans which I am paying on can I go back to school and get more student loans?

Yes, you can take out additional loans as long as you are not in Default on the current loans.

What company provides direct student loans?

There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.

Where can I find loans for graduate school?

There are a variety of online sites that one can apply for student loans. Sites such as college loans, continuing education loans, federal, government loans, professional loans, loan extentions, grants, etc.

I attend a Technology school with aid and loans and want to also start an online schooling. Can I get financial aid and loans for the second school?