Parent Plus Discharge Due to Death
To Be Eligible …
In the unfortunate case of the passing of the borrower, the borrower’s family can have the borrower’s loans discharged.
Parent PLUS loans can be discharged if the borrower (the parent) dies or if the student on whose behalf the loan was borrowed dies.
In the case of spousal Consolidation loans, only the portion of the loan attributed to the deceased borrower can be discharged.
If you meet these requirements, you are eligible to receive up to 100% of your remaining balance discharged. In addition, payments made on behalf of the borrower after the borrower’s death will be refunded.
Loans That Qualify
- Stafford loans
- Grad PLUS loans
- Parent PLUS loans
- Consolidation loans
- Perkins loans
You must send an original or certified copy of the death certificate (or a photocopy of either) to all of the borrower’s loan holders to discharge the loans. You can find out more information here