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.
no she cant be because she did not take out the loans out
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.
One advantage of federal student loans compared to private student loans is that federal loans typically offer more flexible repayment options and lower interest rates.
The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.
Go to banks and they can show how to get direct student loans. Also consider searching the web for direct student loans, and ask trusted friends, colleagues, and family members about this direct student loans. good luck.
no she cant be because she did not take out the loans out
The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.
Federally Guaranteed student loans are linked to the borrower by their social security number. Only the person listed on the loan by SS# is obligated to repay the loan, not spouses, parents, children, or anyone else.
yes. When you became married all asests and liabilities became shared. This one may have bit you.
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.
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.
I was a university student when I married my illegal immigrant husband. It made no change in my student loans at all.
Not unless they co-signed for the loans or credit cards. The estate is responsible for the debts.
Yes.
Normally a surviving wife will inherit both the assets and liabilities of her husband, including bank loans. Marriage is an economic partnership.
yes
In the US, yes you can. If you want help with the consolidation of your husband's defaulted student loans, click on the link below.