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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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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?

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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.


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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.


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