cosigner passed away consequences

My Cosigner Died… What Happens to My Student Loan?

Michael Lux Cosigner Issues, Student Loan Blog 2 Comments

When a close friend or family member passes away, student loans are an afterthought. Unfortunately, a student loan cosigner dying can negatively affect the borrower, even if the borrower has never missed a payment. The Big Danger: Auto-Default An auto-default is a provision lenders sometimes write into student loan contracts …

The Three Things Preventing Student Loan Forgiveness for All

Michael Lux Student Loan Blog, Student Loan Forgiveness 0 Comments

Student loan forgiveness for all is becoming very popular. Support extends beyond the borrowers who would directly benefit. Many consumer advocates and economists also support debt cancellation. Consumer advocates point to the inequalities of student debt. Economists think student loans are a drag on the economy. Despite the increasing popularity of …