Maybe it's something you've wondered: What happens to your student loan debt when you die?. Here are the options and protections to know about. It's not unusual to hear people struggling with their student loan debt bemoan that they feel like they'll be paying until they die. Which begs the question: What happens to the debt at that point?

Here's what happens to your student loan debt when you die

With the fate of federal student loan forgiveness programs facing uncertainty, borrowers should explore the many state-level relief options available, experts say. "Most states have [a program], especially if you're in health care," said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit. With the federal government's...

How to get your student debt forgiven under a state program. Some are 'really generous,' expert says

Business Insider

Larry, 60, has been making student-loan payments since 1995 after graduating from law school. He never thought he would get debt cancellation.

A boomer got $182,000 in student loans forgiven — plus a $1,800 refund. He can finally save for retirement and enjoy a spa day with his wife.

Student loans are a fact of life in America. In 2023, 30% of college attendees borrowed money to help fund their degrees, and the median amount owed among those with debt was between $20,000 and $24,999. Racking up this kind of debt can be tough — particularly for those who...

I’m a 27-year-old teacher with $51K in student loans to pay off — but the interest rates are killing me. How can I fix this?

Although student loan debt is already an all-time high, college students are borrowing more for the coming year, according to a recent report. Debt cancellation expectations may be factor. Although the fate of federal student loan forgiveness is up in the air, college students may be borrowing more for the...

Student loan forgiveness expectations may fuel more borrowing, expert says

Many people who borrow private student loans are required to get a co-signer, a requirement that can spread the pain if repayment becomes a challenge. "It's very, very difficult to get off of the loan if you are a co-signer," said Anna Anderson, a staff attorney at the National Consumer Law Center. "We've seen how this can destroy families."

This 85-year-old mom co-signed her daughter's student loan years ago. Now she fears the lender may take her house

The Biden administration is again gearing up to try to forgive the student debt of tens of millions of Americans, after the Supreme Court struck down its first effort last year. Now, the president has directed the U.S. Department of Education to pursue the regulatory process. In the coming days,...

Check your email: U.S. government is sending notes to millions on upcoming student-loan forgiveness

Fox Business

The Biden Administration has turned to the Supreme Court to help lift a block on the Saving on a Valuable Education (SAVE) plan.

Biden asks Supreme Court to lift block on student loan repayment plan

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Money

Divorce can bring up many financial concerns, especially when it comes to credit card debt. One of the most pressing questions is whether you’ll be responsible for your ex-spouse’s credit card debt after the marriage ends. The short answer is that it depends on the state you live in, whose name is on the account and whether the debt was incurred before or during the marriage.

Who is responsible for credit card debt in a divorce?

Repaying $107,000 worth of debt -- not including our mortgage -- took my husband and me seven long years. Our journey was less of a straight path than a meandering journey that included some wins, do-overs and a lot of lessons learned. We had about $45,000 in debt the first...

I Paid Off $107K in Debt While Still Enjoying Life. Here’s How

GOBankingRates

There is never a better time to adjust your budget than today. If you've been putting it off, you should know that building up your savings in case of a recession can save you a world of pain later....

8 Ways To Adjust Your Budget and Save Money Now in Case of a Recession

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  Credit card debt can be a significant financial burden, but it's one that many Americans are carrying. Not only does the average cardholder have nearly $8,000 in credit card debt currently, but the average rate on that card debt is close to 23% right now. And with rates that high (or higher), it's easy for any revolving credit card balance to become problematic over time.That's why it's so important to pay off what you owe on your credit cards...

3 ways your credit card debt can be forgiven

Upon retirement, it is time to budget. That's because most retirees are on a limited or fixed income, a personal combination of Social Security, individual savings and work-related compensation like...

9 Best Cars for Retirees With Monthly Payments Under $300

Straight Arrow News SANcom

Around 943,000 people have had their student loans forgiven by the federal government over U.S. President Joe Biden's term in office.

Student loan forgiveness sees relief for some, while many still struggle

Dallas, TX

A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers' rivals or launch competing businesses. U.S. District Judge Ada Brown in Dallas said the FTC, which enforces federal antitrust laws,...

Judge strikes down Biden administration ban on worker 'noncompete' agreements

FinanceBuzz

Want to make big bucks but don't want to sit in an office? Here are 15 jobs that let you work remotely and pay you enough to move beyond living paycheck to paycheck.

15 High-Paying Remote Jobs That Earn a Hefty Paycheck

North Carolina State

The Center Square

(The Center Square) – North Carolinians without student loans “should not have to pay for someone else’s degree,” U.S. Sen. Thom Tillis says.
                For the 87% in the state’s population without student loan debt, the state’s senior senator says worsening inequality and adding $1.4 trillion to national debt through President Joe Biden’s student loan payment plan is not right. Tillis joined two colleagues cosponsoring reintroduction of the Student Loan Accountability Act put forth by Utah’s Mitt Romney.
        ...

Tillis: Taxpayers without student loans should not pay for those of others

Phoenix, AZ

Andrea Wallace and her husband became millionaires by 28 through frugality and house-hacking. They're on pace to both retire by 35.

A millennial couple who became millionaires before they were 30 by 'house-hacking' and living frugally explain how they plan to retire in the next 4 years

A recent Wall Street Journal report stated that student loan borrowers are still struggling financially, with some taking on other burdensome debts after having their loans forgiven.

Student loan handouts having little to no impact on borrowers' financial struggles: Report

NewsBreak

Parents boost college savings to shield kids from 'crushing burden' of student loan debt

With federal student loan forgiveness up in the air and the rising cost of college now a top concern for families, parents are reprioritizing saving for...

Parents boost college savings to shield kids from 'crushing burden' of student loan debt

Comments / 0