What happens to my private student loans if I die or become disabled?

Answer:

Unlike federal student loans, there are no legal requirements to cancel private student loans for borrowers who die or become disabled.

 In certain cases, private lenders have special provisions to discharge loans. Check the terms and conditions of your loan, or contact your servicer for more details.

Topics:
Was this page helpful to you?

Note: Do not include sensitive information like your name, contact information, account number, or social security number in this field.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

Read full answer Hide full answer