Thanks GOP. Parent's Of Deceased Children Inherit Their Student Loan Debt.

[joeglow3]

30. I am not shitting all over a grieving family

I don't know the family and will most likely never meet them.

As to why the loan cannot be discharged in bankruptcy, that is an interesting concept. Conceptually, I believe the reasoning is that, in exchange for student loans, you receive an asset that has value (the knowledge in your head that should give you employment for your working career) and is NOT worthless. Typically, in a bankruptcy case, you have to list your assets. How do you value the education you received that will be (hopefully) paying dividends for decades to come?

That said, that is a different issue. I am saying someone is an idiot if they don't realize consigning a loan makes you liable for the note. The topic of the thread is "Thanks GOP. Parent's Of Deceased Children Inherit Their Student Loan Debt.". Of course you will be responsible for paying off a note that you consigned, if the other party cannot pay (no matter the reason).

As I said below, any cosigner could mitigate this by spending $5 a month on a term life policy of the student.