If you die, is your student loan debt buried with you?
Many graduates leave university with a lot of student debt. If one should die, what happens to that debt? Is it written off, or moved to the deceased person's next of kin?
I do not think so. Your debt will be claimed from your existing assets specified in your will. I think that is the route that they usually take to settle it when it comes to employees that passed. In the case of a student that just left university, well I am not sure about that.
The debt would be paid by your estate. Any savings, wages and insurance left behind would go towards paying the debt.
Cosigners are responsible for the debt. If there aren't any, then the creditors are generally out of luck.
Depends on if someone co-signed for you. If they did, the loan defaults to them. Otherwise, your remaining estate covers the burden. If you have no assets, then the loans are forgiven, especially for federal loans and Sallie Mae (Navient). Good luck! Try to get those paid off before you die so you can enjoy a bit of life in between I've been slowly whittling mine away too.
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