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Supreme Court Won’t Block Student Loan Class-Action Settlement
WebJun 23, 2013 · Federal Student Loans If the student loan is a federally backed education loan, a spouse is safe from repayment liability. According to the U.S. Department of Education, if the borrower of a federal student loan dies, the loan is automatically canceled and the debt is discharged by the government. WebApr 5, 2024 · Forbearance. If the student loan cosigner dies, the borrower may be eligible for a forbearance period. A forbearance is an agreed-upon time when the borrower can … WebJan 18, 2024 · What Happens to Federal Student Loans When a Borrower Dies? According to Forbes, a family or spouse can apply for a loan discharge if the deceased borrower has any of the following federal student loans: Direct subsidized loans, Direct unsubsidized loans, Direct PLUS loans and Direct consolidation loans. plants for heavy shade under trees