When a young person dies unexpectedly, his or her family could end up with the burden of paying off student loans. How can that be avoided?
1. According to the article, which loans are forgiven after a student’s death and which ones are not? What is a rough estimate of the total amount of loans that would still require payment after a student’s death?
2. What percentage of private loans are co-signed?
3. According to the article, what is the safety net and why don’t more students take advantage of it?
White, Gillian (2015). Debt after Death. The Atlantic, July 30 (Retrievable online at http://www.theatlantic.com/business/archive/2015/07/debt-after-death/399983/)