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Generally, private student loan companies do not forgive loans due to the death of a cosigner. In fact, the loan may require immediate full payment or go into default when you die if the contract ...
Generally, lenders won’t change the terms or conditions of a loan if a cosigner dies before the debt is fully repaid, and the main borrower becomes responsible for the entire loan. For student ...
Student loans. Federal student loans are generally forgiven upon the borrower’s death. Some private student loan companies forgive loans if the student dies. Check with your loan servicer if you ...
According to ABC News, cosigners of federal student loans need only present a death certificate to be immediately forgiven for remaining debt. However, both private loans and state loans vary in ...
You borrowed the money as a co-signer. ... When someone dies owing money on federal student loans, that debt will be discharged. However, private student loan lenders might require the debt to be ...
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