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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.

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5mo ago

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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 if the parent dies?

If a parent who has taken out a Parent PLUS loan dies, the loan may be discharged, meaning the remaining balance may be forgiven and the responsibility for repayment may be eliminated.


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


What happens to loan with one parent if that parent dies?

Some institutes, if its a smaller loan will allow you to fax in a death ceterifercate.


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.


When custodial parent dies does noncustodial parent get custody?

Yes, they do.


How does any king inherit the throne?

The King or Queen (who happens to be his parent and is the ruling monarch) dies.


What happens if one robin parent dies?

If one robin parent dies, the surviving parent will likely take on the full responsibility of caring for the offspring. This can be challenging, but the parent will do their best to provide food, protection, and guidance until the young robins are capable of being independent. If necessary, the surviving parent may also seek help from other adults in the area to provide additional support.


Does one sibling living with a parent that dies have more rights than other siblings not living with parent at the time of death?

A parent may leave one child who has been of extraordinary help and comfort a greater share of their estate by will. However, if the parent dies intestate, as often happens, then the property will pass according to the laws of intestacy in your parent's state. You may check the laws for your state at the link below.


Are children responsible for their parent's debts when the parent dies even if you are power of attorney?

No