Death no deterrent to collecting student loans

[karrie]

If your relatives don't know, they'll find out when they get the letter requesting the money from the estate. And if there's no money, then it's done.

The only reason for 'harassment' it seems would be if the person had co-signed the loans (I don't know any of my student friends who didn't have co-signers). And then the person better be pretty aware of the loan IMO.

 

[lone wolf]

Don't be too surprised to see some suit knocking on a tombstone. Government people aren't all that bright....

Woof!

 

[Praxius]

Well anywho, back to my original response on them going after money of a dead guy, my loans were signed at the time where if I died from accidental or natural causes, my debts would be wiped. It's the same thing if you get music from Columbia House or similar.... last I checked anyways.

I just figure all loans should be this way, Esspecially Student Loans, since they're for the student in question and their education. The person dies, that education is now useless and nobody benifits from it, therefore there is no real debt to pay back.

If they wanted to, perhaps they should get the money back from the College/University which took it, rather then the parents.

Another nice little touch would be that if you graduate and you can not get a job in your field you trained in, then you shouldn't have to pay it back until you do. I've seen way too many people goto college/university, shell out thousands and in the end they're still working at Tim's trying to pay off the loans towards the education which didn't even help them out.

Now they're back where they started and now owe more money then before.

I also have my own views of Universities/Colleges, but that's for another time.

 

[Scott Free]

The greed of government knows no bounds.

The truly crazy part about student loans is that the government doesn't keep track of the amount borrowed. Once you default they make up an amount and go after the borrower. That's how it is in BC anyway. Yes, I'm absolutely sure that's how it works here; it was explained to me by a lawyer who regularly advised students on their loans.