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In reply to the discussion: Thanks GOP. Parent's Of Deceased Children Inherit Their Student Loan Debt. [View all]liberalhistorian
(20,904 posts)35. That is only true if
the parents co-signed themselves for the loan. If they did not co-sign, if the loan was only in the student's name, then they are not legally responsible and cannot be held as such. That does not mean that banks will not try to "guilt" the grieving parents into paying, as they've been known to do (because most people don't know that they are not legally responsible if they didn't co-sign) because they basically don't give a shit and only care about their money, but people don't have to go along with it and can tell the banks where to shove it.
The fact that student loans cannot be discharged in bankruptcy is one of the most odious things to come out of that odious, POS bankruptcy "reform" bill.
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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
I guess it would be a good idea to carry life insurance on your kid if you are
Sheldon Cooper
Aug 2014
#10
If student loans could be discharged through bankruptcy, the interest rates would likely be higher.
badtoworse
Aug 2014
#29
I don't take joy at people struggling with debt, but I'm not willing to just forgive it either.
badtoworse
Aug 2014
#40
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