If someone has a student loan and had a cosigner for it what happens if the borrower (Student) dies? Is the debt cancelled?
In event of borrower's death what happens to a student loan with a cosigner?
Depends if there is a clause in the contract. If not, the burden goes to the co-signer.
In event of borrower's death what happens to a student loan with a cosigner?
nope
In event of borrower's death what happens to a student loan with a cosigner?
No the cosigner is legally liable to pay for the debt. These are the risks of being a cosigner. if for some reason the cosigner can't then it gets put on your credit record.
In event of borrower's death what happens to a student loan with a cosigner?
The cosigner pays.
In event of borrower's death what happens to a student loan with a cosigner?
nope, cosigner pays
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