Your parent’s PLUS loan will be discharged if your parent dies or if you (the student on whose behalf your parent obtained the loan) die.
Also, are Sallie Mae student loans forgiven upon death?
Private Student Loans
Some private lenders, including Sallie Mae, will discharge or waive the current balance of the student debt after a borrower’s death. … If the lender doesn’t discharge the loan, the balance won’t go away.
Also know, are student loans forgiven if parent dies? What happens to federal student loan debt when you die? If you die, your federal student loans will be discharged, meaning no further payments will be required. Your parent, spouse or another person you appoint will need to submit proof of death to your loan servicer.
Likewise, people ask, what happens if the loan borrower dies?
If the borrower dies, the bank will approach the guarantor (typically, parents) to repay. The financial institution can also auction the property offered as collateral if the guarantor is unable to repay the loan.