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 …