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Originally Posted by jwzimm

The only issue here is private student loans. Federal loans already have this protection.

You should look at this from the lenders perspective as well. They provide a loan with agreed to terms. Just like any other type of loan they need to be made whole by the borrowers. When you co-sign for a loan you agree to take on the burden of the debt in the event the primary borrower cannot. While there should be some compassion shown on the part of the lender, they should not be required to simply take the hit and do without repayment.

This is one of the reasons it is important to have life insurance that is sufficient to cover all debt held by a person. It prevents loved ones from having to deal with the aftermath.

Well said, and agree...