If you have 40k in student loan debt and you died. How would

they revive you and then you have to pay

>>1820898
Sell your organs.

>>1820898
Debts can't be inherited, so they would have to go after what was left in your estate, and reclaim what they could from the value of your belongings.

>>1820905
What if I have my body cremated

>>1820906
What if I didn't own anything valuable

>>1820909
then it's a loss on their books

>>1820909
they would write it off on their taxes probably.

>>1820898

Federal student loan debt is discharged upon death.

If you took out private loans, then those would have to be paid out of your estate. If you have no money upon death, then the estate is bankrupt and the debt is just written off.

INSURANCE

Why do you ask OP? Homework?

>>1820898
My brother an hero in January aged 40.
He had lots of outstanding student loan in the UK. Just dealing with it now. The loan company has life-insurance on the loan to cover them in case you die. I've been dealing with them. They've been surprisingly sensitive; probably because they need your help to prove death.

>>1820938

Sorry for your loss, RIP.

>>1820935

In the US loan debt that is discharged in this manner or forgiven through other means will still count as taxable income for his parents or anybody that originally helped him apply for financial aid. They'll end up footing the bill of an extra 40 grand in income they need to pay taxes on.

>>1820938
rip in peace anon

The money never existed. They create new money out of thin air when they create a loan. It's a big scam.

https://en.wikipedia.org/wiki/Money_creation#Money_creation_by_commercial_banks