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TheMastersNemesis

(10,602 posts) Wed Aug 6, 2014, 12:31 PM Aug 2014

Thanks GOP. Parent's Of Deceased Children Inherit Their Student Loan Debt. [View all]

Thanks to bankruptcy law changes the parent of children who pass away get their debt and cannot use bankruptcy to eliminate their debt. In Jefferson's day the children inherited any debt of the parents. Today that policy is now reversed.

The GOP finds so many ways to punish middle class and poorer people yet the rich walk free on just about everything.Why anyone votes GOP is just amazing.

40 replies

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Thanks GOP. Parent's Of Deceased Children Inherit Their Student Loan Debt. [View all] TheMastersNemesis Aug 2014 OP

The Federal government is a culprit in this...the whole student loan process is a disgrace randys1 Aug 2014 #1

If they co-signed for the loans, then of course they are responsible for paying them. Sheldon Cooper Aug 2014 #2

Yup. Agschmid Aug 2014 #5

They're not. Igel Aug 2014 #7

I guess it would be a good idea to carry life insurance on your kid if you are Sheldon Cooper Aug 2014 #10

That is a good idea, if you have co-signed for them badtoworse Aug 2014 #12

For a healthy 20-something adult with no bad habits , Sheldon Cooper Aug 2014 #13

That's an excellent idea for any co-signed loan. MineralMan Aug 2014 #14

Exactly. Either people are stupid or think laws don't apply to them joeglow3 Aug 2014 #16

That's a cruel and false dichotomy Orrex Aug 2014 #21

Thanks. Sheldon Cooper Aug 2014 #25

Bullshit joeglow3 Aug 2014 #26

I'm not telling you to hold back Orrex Aug 2014 #27

If student loans could be discharged through bankruptcy, the interest rates would likely be higher. badtoworse Aug 2014 #29

Ergo: Orrex Aug 2014 #31

Bankruptcy is not the only risk or consideration in setting loan rates badtoworse Aug 2014 #36

Zero risk of default? Ultimately, very close to it.. Orrex Aug 2014 #37

We're not going to agree on this badtoworse Aug 2014 #38

You didn't propose a solution Orrex Aug 2014 #39

I don't take joy at people struggling with debt, but I'm not willing to just forgive it either. badtoworse Aug 2014 #40

I am not shitting all over a grieving family joeglow3 Aug 2014 #30

RE: "the knowledge in your head" Orrex Aug 2014 #32

+100 nt LiberalEsto Aug 2014 #34

- Takket Aug 2014 #3

Or don't co-sign loans. joeglow3 Aug 2014 #17

I think this is only in the case of the parents having cosigned the loan. enough Aug 2014 #4

The problem is private bank loans that parent's cosign for Marrah_G Aug 2014 #6

Post removed Post removed Aug 2014 #8

In answer to your statement Stargazer99 Aug 2014 #9

George R. R. Martin called. He wants to know if you have any other epic fantasy ideas he could use. Nuclear Unicorn Aug 2014 #19

If a repuke is elected POTUS hifiguy Aug 2014 #11

Something I didn't see mentioned, when the student loan goes through shraby Aug 2014 #15

So, you pay $5 a month for a term life policy on the student. joeglow3 Aug 2014 #18

"Honestly, I am surprised banks don't offer it..." Nuclear Unicorn Aug 2014 #20

Even if they did laundry_queen Aug 2014 #23

That would be true for any loan you co-sign for. tammywammy Aug 2014 #22

Is there a link please? I would like to know for sure if it is only onecent Aug 2014 #24

If you co-sign on a loan then you should also get term life insurance on the borrower mwrguy Aug 2014 #28

The law passed 74-25 in the Senate. 73 House Dems voted for it. BKH70041 Aug 2014 #33

That is only true if liberalhistorian Aug 2014 #35