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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 ...
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 ...
When it comes to student loan debt, much depends on whether the debt is federal versus private loans. "Federal student loans are forgiven upon the death of the borrower, but some types of student ...
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
Prior to 2009, most private student loans did not offer death and disability discharges. After the Boston Globe published an article critical of Sallie Mae's failure to discharge the private student loans of a Marine killed in action, Sallie Mae launched a new student loan program with death and disability discharges similar to those available ...
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