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What happens to Parent PLUS loans if the parent dies?
If a parent with a Parent PLUS loan dies, the loan may be discharged, meaning the remaining balance may be forgiven.
What happens to Parent PLUS loans when the parent dies?
When a parent with a Parent PLUS loan dies, the loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is lifted.
What happens to a Parent PLUS loan when the parent dies?
When a parent dies, a Parent PLUS loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is no longer passed on to the child or the deceased parent's estate.
How can a parent transfer a Parent PLUS loan into their student's name?
A parent cannot transfer a Parent PLUS loan into their student's name. The loan is the responsibility of the parent who took it out, and the student cannot take over the loan.
Is it possible to transfer a Parent PLUS loan from one parent to another?
No, it is not possible to transfer a Parent PLUS loan from one parent to another. The loan is the responsibility of the parent who originally took it out.
What happens to Parent PLUS loans if the parent dies?
If a parent with a Parent PLUS loan dies, the loan may be discharged, meaning the remaining balance may be forgiven.
What happens to Parent PLUS loans when the parent dies?
When a parent with a Parent PLUS loan dies, the loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is lifted.
What happens to a Parent PLUS loan when the parent dies?
When a parent dies, a Parent PLUS loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is no longer passed on to the child or the deceased parent's estate.
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.
Is a co signer responsible for parent plus loan if main borrower dies?
Yes.
How can a parent transfer a Parent PLUS loan into their student's name?
A parent cannot transfer a Parent PLUS loan into their student's name. The loan is the responsibility of the parent who took it out, and the student cannot take over the loan.
Is it possible to transfer a Parent PLUS loan from one parent to another?
No, it is not possible to transfer a Parent PLUS loan from one parent to another. The loan is the responsibility of the parent who originally took it out.
Is it possible for me to transfer a Parent PLUS loan to the student?
No, it is not possible to transfer a Parent PLUS loan to the student. The loan is the responsibility of the parent who took it out, and cannot be transferred to the student.
If my husband dies and leaves credit card debt and our childrens parent plus loan debt am I responsible for assuming the debt in PA?
not if you have death insurance on the loan and credit cards
Is it possible to refinance a Parent PLUS loan in a student's name?
No, it is not possible to refinance a Parent PLUS loan in a student's name.
Is it possible for me to transfer my Parent PLUS loan to my spouse?
No, it is not possible to transfer a Parent PLUS loan to a spouse. The loan is the responsibility of the parent who took it out, and cannot be transferred to another individual, including a spouse.
What is the purpose of a parent's Plus loan?
There are loans available that are for the purpose of helping parents pay the cost of putting a child through collage. The loan is called a Parent Plus Loan and the Parent Plus Loan website offers the ability to secure this type of loan for those that apply and are accepted for it.
