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Parent PLUS loans are a type of federal student loan that are also eligible for discharge due to death. Because these are loans taken out in the parents’ name for the benefit of a child, they ...
Parent PLUS loans are also discharged if the parent holding the loan passes away, or if the student associated with those loans dies. However, with private student loans, things can get a little ...
For student loans, it greatly depends on the loan — for example, federal Parent PLUS loans discharge the debt when a cosigner (or parent) dies, while private student loans may require full ...
Some private student loan companies forgive loans if the student dies. Check with your loan servicer if you are unsure. Student loans are unsecured debt, which means that if your estate cannot pay ...
A PLUS Loan is a student loan, which is part of the Federal Direct Student Loan Program, offered to parents of students enrolled at least half time, or graduate and professional students, at participating and eligible post-secondary institutions. The original, now obsolete, meaning of the acronym was "Parent Loan for Undergraduate Students".
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