Legal Question in Credit and Debt Law in Rhode Island

If the co signer for a student loan dies, is his estste held liable for the repayment of the loan?


Asked on 10/29/09, 9:18 pm

1 Answer from Attorneys

Staff General Counsel LawyersCollaborative

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).

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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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If you like, LawyersCollaborative, like most of your neighborhood lawyers, offers a no-cost, no-obligation initial consultation.

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Best,

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Answered on 11/11/09, 7:31 pm


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