"Ms. DeOliveira-Longinetti, who co-signed on the loans, was shocked and confused." Be careful when co-signing any loan.
There is no reason a guarantor couldn't be responsible only for wilful failure to pay but not for after death.
I'm not saying these things apply in the agreement under discussion or under the relevant laws but just that different structures are possible.
It would. It would be so cheap for them that they might as well just cut out the middleman and self insure.
AKA just forgive the debt and that's all. Which apparently everyone else does, except NJ.
It says no such thing -- either in regard to evil generally, or to Goldman Sachs.
The article mentions GS, but only in passing reference to one of the people it interviewed who happened to have worked there, but got laid off.
This is still relevant, though:
"Most significant, New Jersey’s loans come with a cudgel that even the most predatory for-profit players cannot wield: the power of the state. New Jersey can garnish wages, rescind state income tax refunds, revoke professional licenses, even take away lottery winnings — all without having to get court approval."