My dad died and I just learned he paid off my school tuition with $90,000 in loans. Am I now on the hook for this?

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who owe took out loans themselves or cosigned for others who borrowed. But what if you end up getting surprised with a student loan-sized debt you were not expecting?Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPApproaching retirement with no savings? Don’t panic, you're not alone. Here are 6 easy ways you can catch up (and fast)Let's imagine, for example, that Dave went to an expensive four-year college, covering his first year on his own. For this, he took out around $30,000 in student loans while his parents paid for the rest. Now, four years after graduating, Dave's dad died and his mom, who didn't handle the family finances, got a notice in the mail saying dad owes $90,000 for Dave's education.Is Dave going to be responsible for paying this debt and suddenly saddled with a burden worth almost $100,000, or did the debt die with his dad? Here's what you need to know.The first step is understanding that there are student loans for parents and student loans for students. This is true of both federal and private student loans.When Dave's dad took out loans, he could have taken them out in his son's name, undoubtedly requiring Dave’s knowledge and agreement (this isn't the case here). He also might have borrowed money from the Department of Education in the form of Parent PLUS Loans (2) or from a private student lender in the form of parent loans.Parents who take out these last two types of loans are solely responsible for them. So, Dave won't be responsible for the debt directly as the loans were not taken out in his name and Dave also did not cosign for them.However, this doesn't necessarily mean the debt just disappears. Depending on the kind of loans Dave's Dad took out, the debt could be gone for good, or the lender could try to collect from his dad's estate.Read more: Warren Buffett used 8 solid, repeatable money rules to turn $9,800 into a $150B fortune. Start using them today to get rich (and stay rich)’When someone dies with debt, usually the creditors cannot collect from surviving family members unless those family members:Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,932.05 +22.26 (+0.32%)Dow 3048,731.16 +288.75 (+0.60%)Nasdaq23,613.31 +51.46 (+0.22%)Russell 20002,548.08 +6.96 (+0.27%)VIX13.47 0.00 (0.00%)Gold4,502.80 -2.90 (-0.06%)Trending tickersBTC-USD Bitcoin USD 88,114.06 +897.53 (+1.03%)ETH-USD Ethereum USD 2,951.46 +16.59 (+0.57%)XRP-USD XRP USD 1.87 +0.01 (+0.76%)GROQ.PVT Groq 29.78 0.00 (0.00%)SOL-USD Solana USD 123.01 +0.78 (+0.64%)PortfolioSign in to access your portfolioSign inTop gainersEWTX Edgewise Therapeutics, Inc. 27.29 +5.55 (+25.50%)PSNYW Polestar Automotive Holding UK PLC 7.40 +1.00 (+15.63%)TVTX Travere Therapeutics, Inc. 40.28 +4.92 (+13.91%)PSNY Polestar Automotive Holding UK PLC 17.18 +2.05 (+13.55%)PATH UiPath Inc. 17.16 +1.20 (+7.52%)Top losersASTS AST SpaceMobile, Inc. 78.05 -7.62 (-8.89%)HYMC Hycroft Mining Holding Corporation 24.96 -2.18 (-8.03%)QBTS D-Wave Quantum Inc. 27.52 -1.60 (-5.49%)BETA BETA Technologies, Inc. 30.12 -1.50 (-4.74%)PPTA Perpetua Resources Corp. 26.58 -1.12 (-4.04%)Most activeNVDA NVIDIA Corporation 188.61 -0.60 (-0.32%)PLUG Plug Power Inc. 2.1000 +0.0500 (+2.44%)TSLA Tesla, Inc. 485.40 -0.16 (-0.03%)INTC Intel Corporation 36.16 -0.19 (-0.52%)NKE NIKE, Inc. 60.00 +2.66 (+4.64%)Top economic eventsEarnings eventsMy earnings eventsEarnings events