If the co signer for a student loan dies, is his estste held liable for the repayment of the loan?
1 Answer from Attorneys
Is the loan currently in default? If so, then the lender or federal government theoretically could file a claim in the probate estate if the co-signer died leaving assets subject to probate (i.e. assets not conveyed by operation of law, such as a joint bank account that would pass automatically to the survivor).
Put differently, there are too many facts not specified in the hypothetical question to answer completely, so you should consult with a lawyer.
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