What Happens to Student Loan Debt When a Borrower Dies?

When it comes to student loan debt, many borrowers don’t know what happens when they pass away. It is important for students and their loved ones to understand the rules surrounding the repayment of student loan debt after death.

In most cases, student loan debt will be discharged upon the death of a borrower and no further payments are required. However, there are certain exceptions that must be taken into consideration. For instance, if there is a cosigner on the loan, then that person may become liable for repaying any remaining balance due on the loan. Additionally, any co-borrowers would also need to take over full responsibility for repaying the outstanding balance of the loan upon death of one borrower.

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