Parent loans are a thing. The parent of the kid takes out the loan, not the kid themselves. And yes, thankfully, they just go away if the parent dies and don’t get passed on to the estate.
In the United States, there’s a federal loan option called Parent Plus loans that can allow parents to take out loans for their children’s education. Private loans could be taken out by just about anyone to pay for a student’s education, depending on the institution.
How are they taking out education loans in someone else’s name? Sounds like fraud.
That’s because it is fraud.
The educated kind of fraud 🧐
A regular work day for corporations.
Parent loans are a thing. The parent of the kid takes out the loan, not the kid themselves. And yes, thankfully, they just go away if the parent dies and don’t get passed on to the estate.
In the United States, there’s a federal loan option called Parent Plus loans that can allow parents to take out loans for their children’s education. Private loans could be taken out by just about anyone to pay for a student’s education, depending on the institution.