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re: Senior citizens owe $18 billion in student loans

Posted on 9/10/14 at 7:19 pm to
Posted by tiderider
Member since Nov 2012
7703 posts
Posted on 9/10/14 at 7:19 pm to
pretty sure there are ways to limit your kid's liability for your loan debts, even outside of no co-signee ... a few years ago, some articles came out about sr citizens dying with large credit card debts for which their kids were not liable ... i'd imagine there'll be some legislation to restrict that at some point ...
Posted by moneyg
Member since Jun 2006
56870 posts
Posted on 9/10/14 at 8:51 pm to
quote:

pretty sure there are ways to limit your kid's liability for your loan debts, even outside of no co-signee ... a few years ago, some articles came out about sr citizens dying with large credit card debts for which their kids were not liable ... i'd imagine there'll be some legislation to restrict that at some point ...



Are you under the impression that debts are passed on to your children?

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