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PH in WI

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  • PH in WI

    My husband is older and went back to school later in life, he has not been able to work in the field he trained for but has with interest $80,000 in federal student loans to repay. I also had to sign for these loans as his wife so I am fairly sure I am supposed to continue to pay these if he should die, is this true? Also is there any way our adult children could be held responsible for these loans after our deaths?

  • #2
    Re: PH in WI

    If you co-signed, you are responsible if he falls behind. Alive or deceased, you are responsible for the debt.

    Your adult children are not responsible for the debts, no. Any money still owing would be settled by your respective estates, but they are not personally responsible for any debts incurred by their parents. UNLESS, they are also co-signers.

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