QUESTION
If a parent takes put student loans for their child, in their childs name, are they obligated to repay?
Asked on Jun 29th, 2012 on Business Law - Connecticut
More details to this question:
My fiance and I are starting pur lives together, we are both 24 and work full time. I own a home, pay all of the bills etc. She owes roughly 80,000 in student loans, most of which are horrible private loans with insane interest etc. Her father took these out im her name, and now does not pay them (as he promised he would) her monthy payments are about 700 dollars in loans.....any help is much appreciated!! (State is nc, for some reason i cant select it)
1 ANSWER
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Generally speaking, a person is not liable for the debts of another without one's signature. My guess is that somewhere along the way, your fiancee signed something, otherwise the loans would not have bee made. It is impossible to tell who is liable without reviewing the documentation. However, the equities do not favor your fiancee here. She received the benefit of the loans.
Answered on Jun 30th, 2012 at 9:34 PM