As your financial adviser I don't super duper suggest this as a strategy, and in all seriousness with federal loans there's ways to get them forgiven altogether if you repay them with a certain plan, and also fun fact: in death they don't try to collect, the loans are forgiven
When my mum died, after about a month or so, a company that gave her a loan 6 months before tried contacting me for it, I told her she was dead, sent them a photo of the death certificate and that was that
As your financial adviser I don't super duper suggest this as a strategy, and in all seriousness with federal loans there's ways to get them forgiven altogether if you repay them with a certain plan, and also fun fact: in death they don't try to collect, the loans are forgiven
Wait, they try and collect from a corpse with other loans?
Yep.
Christ that's fucked, here they will try and grab cash but if you aren't married they are shit outta luck
My friend's mom died of brain cancer and because her estate had to settle debts, they had to sell their family home just to pay them.
When my mum died, after about a month or so, a company that gave her a loan 6 months before tried contacting me for it, I told her she was dead, sent them a photo of the death certificate and that was that
Fuck that evil shit
Never underestimate the American system's capacity for cruelty.
Seconding this. You aren't obligated to pay a dead person's debt, even if collectors try to tell you otherwise. Make sure your family knows that.
If you die with debt, you win!