beside your uncle probate will level everything, you can make it easier by applying for bankruptcies before, but anyway, my suggestion: a will

will everything to a charity, nothing to your parents etc

charities have legal staff which wil handle the decline an the debt will be booked out, the one your uncle signed for, he is stuck with. He may have injunctions when you give them to him (he could say he was enticed by fraud to sign...), depends on his lawyer and the whole nine yards of lawsuits. Since you are so open to us tell your folks

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Your uncle would be on the hook for the loan he co-signed for.

The rest, they would likely *try* to go after your family but they would not succeed as it would be very easy for your family to dispute that they had nothing to do with it. Doesn't mean bill collectors won't try though.

Most life insurance does not cover suicide.

I would probably contemplate telling your family so that your uncle can be prepared because he will be on the hook.

You still here?

If so is it because you know it's not a good way to thank you Uncle?

Why not pay that one off before you leave? How much is it?

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Don't leave you uncle with that.

Killing yourself over student loans is a little harsh but I believe that your loans will be forgiven. Dont forget if you pay on them for ten years the balance will be forgiven. Talk to your lender about it

Yea, there is a good chance that your family can be required to pay off the debt. Especially if anything else of yours goes to them.

I have more student loan debt then you. Private loans and sallie mae loans. The private ones got a judgement against me, this outcome depends on what you have and what state you live in.

Check around and see if you might want to move. If they execute it in one state, it is unlikely they can get another state to enforce. So, they have to do it all over again. But, they may think twice about it since, it is a waste of time.

The one comment about if you paid it for 10 years they would let you go. If you had the money to pay it, then you would not be in this position in the first place. So, you can not pay it and so no one can get relief that way. That is, unless they are willing to reduce the payments, with the understanding that is what you want to do. The sallie mae loans might do it, but the private ones, will squeeze you.. They are banks, and they know they have you for life. They pushed for being added to this law in 2005 while bush was in power. You know the guy, he was a dodged the vietnam war, but joining the texas national guard. Then became president and because suddam tried to kill his daddy, he lied and went to war. Oh yeah, his vice president also made billions, since he had an interest in such things.

Back to student loans. I have cried over this myself and wondered what to do. I cannot get a decent jobs and make hardly any money.

The loans your uncle cosigned, he should consider what state he lives in.For example, if he lives in florida an has a house, then he should check to see if he is protected by the homestead act. This means they can not touch his home up to 150k or so in value. My point is, laws vary by state and you need to consider that.

I wish you the best. And let me know how you are doing, I am in the same boat, but I am doing what I can to cope with it.

Wow - you studied your butt off and you took these loans because you wanted the degree!!! So basically you did all that work for nothing?? Don't give up now!!! I have student loans - there are millions of people in your same situation - this is nothing you should take your life over..... Try talking to a couselor, get all your ducks in a row. This is something you can fix and overcome! You're being weak and irrational - it may be tough, but you can fix this!!!

Go to the courts and declare "undue hardship," file Chapter 13... talk to someone about this, but do not kill yourself. Nothing is worth that. Life will get easier, sometimes it's just a bumpy ride and seems hopeless. I spent months in a mental hospital after failing to kill myself as a teen - I'm 31 now and have gotten myself in and out of debt several times. Let me tell you, it will get better, whatever this is. Do something drastic - join the Peace Corp or AmeriCorps and help people, and try not to dwell on repaying this debt. There are ways out of it. Your life is so much more valuable. Think about the people who are close to you, how this will affect them. I wish you the best; there are better ways to deal with this.

If you don't pay it your uncle will be left with the debt. As for debt that you alone signed up for, what you own, stands good for what you owe.

I think you wrote this in Haste! Never kill yourself, you are just 25 and you are Gods Gift to this world.Only he has the right to take you. Believe in God, Pray to God, everyday, and he will answer your prayers.

From my point of view, you are not alone,there are a few thousands who are in worse situations but still live hoping that their problems can be solved. Well you can go through this article to know how bad is the debt crisis.

Be bold enough, and fight debt, you are educated and have a degree. Make your parents proud, and show this world what you can do?

May God bless you.

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DEBT CONSULTANT ONLINE

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