Legal Question in Credit and Debt Law in Illinois
Sallie Mae loan after death
A friend's daughter died in a car accident. There remains an outstanding debt owed to Sallie Mae which my friend co-signed for her daughter. My friend is being told she is to pay the debt. Does this sound right? Is there anywhere my friend can turn to for this loan to be dissolved?
Asked on 2/13/09, 3:48 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Re: Sallie Mae loan after death
If she co-signed, she is obligated to repay the debt. Even bankrupcty will usually not get you out of a student loan debt.
Answered on 2/13/09, 4:45 pm