Some student loans survive the borrower's death

HERE’S THE INTERESTING PART

Death is usually the ultimate escape from bill collectors, unless you pursued higher education. Depending on the loan type and co-signers, specific educational debts can outlive the borrower, haunting their estate and ensuring that a completely useless degree continues draining assets long after the graduate is buried.

From the Stacky collection1 min read

Some student loans survive the borrower's death — STACKY / Economy

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Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

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Some student loans survive the borrower's death

A bigger world.One discoveryat a time.

Keep exploring

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

The Sumerians invented compound interest before the wheel

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

Issuing government bonds is borrowing from grandchildren

A bigger world.
One discovery
at a time.