Can education loan debt outlive you?

Can education loan debt outlive you?

My spouce and I together have combined $200,000 in figuratively speaking, between undergraduate and graduate college. If a person of us dies, what is the responsibility of this estate to pay for the loans?

Today’s students are graduating college and graduate programs with an amount that is unprecedented of loan debt — $1.2 trillion at the time of 2016. Of law pupils, 88.6 per cent take out loans to cover legislation college, with $80,000 in cumulative graduate debt. Although charge card, mortgage, along with other debt that is non-revolving contracting, the federal government will lend down $1.4 trillion dollars by 2023 — mostly student education loans — also though gross domestic item development will not match it.Continue reading