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TigerU.com Forum Index -> Financial Advice
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Sea_Monkey
Regular
Joined: Dec 20, 2002
Posts: 98
Points : 16
Status: Offline
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 Posted:
Sun Nov 07, 2004 6:06 pm
Post subject: Paying back student loans?? |
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If a student has all their student loans in their name, but dies after graduation, would their parents have to pay back the loan, even if it wasn't in their name?
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Litigh8
Plaintiff
Joined: Sep 06, 2004
Posts: 161
Points : 0
Location: BR, Airline & BBonnet
Status: Offline
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Posted:
Sun Nov 07, 2004 6:29 pm
Post subject: |
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That is a successions question, (in La.). From my poor understanding of the topic, since I have yet to take the class, if you accept any part of the decedent's estate, you accept the outstanding debts as well. Being that a student typically has little things of actual value, may be better for parents to deny the succession and outstanding educational debts. (Sneak someone in to grab all the sentimental stuff.) This is no legal advice etc.
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"You can't legislate people into heaven." Daniel Crocker |
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LEstay
All Around Nice Guy
Joined: Jun 09, 2004
Posts: 1064
Points : 900
Location: Houston, Tx
Status: Offline
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Posted:
Sun Nov 07, 2004 8:32 pm
Post subject: |
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No, your parents are not liable for it since it's "unsecured." It's like credit cards... if a family member dies, they cant repossess it. (if I understand right)
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