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Brittani Norris died in a car accident a few weeks before graduating from college - who should pay off her student loan?

By sifilings on Thu, 09/13/12
Society & Culture
Student Loans
Debt
Higher Education

Student Dies, But Student Loan Debt Lives On

Discussion

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Jim

NewFederal student loans are discharged upon death

Thu, 09/13/12

http://studentaid.ed.gov/repay-loans/forgiveness-cancellation

Federal student loans are discharged upon death

If you, the borrower, die, then your federal student loans will be discharged.

If a parent co-signed a private (non-Federal) loan with a student …. the co-signer would pay

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pvawter

NewReally??

Thu, 09/13/12

So, what if it had been $100,000 in credit card debt? Would the parents have petitioned to have that debt forgiven? (Before you ask, I don’t know how much she owed. I just picked a round number.) What if it was a husband and father of four who just took out a mortgage? Should the bank just forgive it? What a ridiculous response.

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Shaynus

NewThis is also what life

Fri, 09/14/12

This is also what life insurance is for.

Related . . .

Topics: Student Loans, Lending, Usury
  • Student Loans and the Sin of Usury
  • Christian Colleges Call New Federal Regulation an ‘Existential Threat’
  • Student debt and moral hazard: To forgive or not to forgive?
  • A modest proposal: No student loans till 30
  • Minimize Student Debt, Maximize Christian Mission

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Let your reasonableness be known to everyone. The Lord is at hand.

(ESV, Philippians 4:5)

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