Posted on: 06th Jul, 2012 04:34 pm
My mother signed for her grandson's Sally may student loan. My mother has recently died. A letter has been received from Sallie may to pay off the loan because her grandson stopped making payments. Is my mother liable for paying this loan off?
Hi bobmar,
If your mother co-signed for the loan, then she will be liable for paying it off if the grandson is not making the payments. However, if she is deceased, then Sallie Mae will contact the grandson for payments.
Thanks
If your mother co-signed for the loan, then she will be liable for paying it off if the grandson is not making the payments. However, if she is deceased, then Sallie Mae will contact the grandson for payments.
Thanks
Hi bobmar!
Welcome to forums!
I agree with what James has said. Though your mother was liable for paying off the loan, as she is deceased, the lender will contact the grandson for payments. You can inform the lender that your mother is deceased now.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I agree with what James has said. Though your mother was liable for paying off the loan, as she is deceased, the lender will contact the grandson for payments. You can inform the lender that your mother is deceased now.
Feel free to ask if you've further queries.
Sussane