if I get them form the groverment or the state.
2007-02-09 17:16:41 · 5 answers · asked by catchup 3 in Education & Reference ➔ Financial Aid
Whatever assets left in your estate are used to pay off whatever debts you have. Other people are never expected to take on your debts after you die.
(I.e. if there isn't enough value in your estate, your "beneficiary" simply doesn't get anything, but they are not obligated to use their own funds!!)
2007-02-09 17:24:57 · answer #1 · answered by Just Ducky 5 · 2⤊ 0⤋
If you are talking about government loans, like the ones you got when you filled out the FAFSA, the loans are basically erased. It says that in the paperwork you were given when you accepted the loans.
2007-02-10 03:05:19 · answer #2 · answered by iloveeeyore 5 · 1⤊ 0⤋
Get some help with your homework and don't think about things like this. If you die you won't have to worry about your student loans. They will go after the co-signer.
2007-02-10 01:21:22 · answer #3 · answered by bob52582 2 · 0⤊ 0⤋
Loan amount defaults to your estate and the primary beneficiary has to pay the debt
2007-02-10 01:20:42 · answer #4 · answered by Corey R 4 · 0⤊ 1⤋
The debt falls to your estate, if it has enough money to pay them it is obligated to. " Nobody " in your family is obligated to pay off the loan, just the " estate entity ".
2007-02-10 01:26:03 · answer #5 · answered by Anonymous · 1⤊ 0⤋