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Monthly Archives:July 2017

What Happens to Student Loans When You Die?

July 6, 2017

Most students must take out loans in order to pay for their higher education. However, many people don’t consider what will happen to their student loan debt if they die before it’s paid off.

Most federal student loans do not require a credit check or cosigner, leaving the borrower solely responsible for repayment. The exception to this is the Direct PLUS loan, which can only be obtained by the parents of a dependent undergraduate student, or by students attending professional or graduate school….

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