does your estate have to pay student loans

Best answer


If you have federal government loans,yes. This means that your estate will not have to pay back those student loans. Survivors can apply for a death discharge to cancel a borrower federal student loans. Parent PLUS loans may be discharged if the student for whom the parent received the loan dies.

People also ask


  • Do you have to pay back student loans when you die?

  • While not having to repay the full loan, this was still a lot of money to owe. For most Federal student loans, the debt is forgiven when the student or borrower dies. All that is required is that you provide the student loan servicing company with a certificate of death, and the loan will be gone.

  • Does a living person have a legal obligation to pay student loans?

  • In some cases, however, a living person might have a legal obligation to repay a student loan. This is most common for co-signed private student loans, for which both the primary borrower and the co-signer have a legal responsibility to repay.

  • What happens to private parent student loans when a parent dies?

  • How private parent student loans are handled varies by lender. Some companies will require the parent to repay the loan even if the student dies, while others will discharge the loan. Ask your lender about its death and disability policies to find out what will happen to your loans.

  • Who is liable for student loans after a spouse dies?

  • In the nine community property states ?Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin ?a surviving spouse may be held liable for repaying a private student loan following the death of a deceased spouse, even if they didn cosign the loans, but only if they took out the loan after they were married.

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