Student Loan Law: 16.8.6.1 Death and Disability Cancellations
Unlike with federal student loans, the borrower’s estate and any co-signer typically remain obligated on a private student loan upon the borrower’s death, unless the loan agreement allows for such cancellation or the lender voluntarily waives that obligation. Likewise, both the borrower and co-signer remain liable when either the borrower or co-signer becomes permanently disabled.