Sunday, April 29, 2012

Should the debt outlive the student?

http://www.insidehighered.com/news/2012/04/27/after-online-petition-bank-forgives-dead-students-loans


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Key Bank: Stop forcing my family to pay my dead brother's student loans
  1. Signatures
    82,669 out of 150,000
    Petitioning
    1. President and CEO, Key Bank (+ 3 others)
  2. Created By
    RyanBR Bryski
On June 17, 2004, my brother Christopher Bryski sustained a severe traumatic brain injury in a tragic accident. He remained in a persistent vegetative state for two years before passing away on July 16, 2006. That's when the calls began.
You see, our dad cosigned Christopher's private student loans with Key Bank. When Christopher died, Key Bank came after my dad to get their money back. Our dad has had to come out of retirement to make the monthly payments. When Christopher died, my family didn't just lose a loved one -- we inherited debt for an education that will never be used.
Key Bank's action's are dramatically out of step with the status quo. The federal government and even large private student lenders like Sallie Mae and Wells Fargo all forgive student loans once the borrower dies. But over the years, Key Bank has ignored our calls to take this humane step.
In the years since Christopher's death, my family has tried to keep others from facing what we have. We've worked with members of Congress to pass "Christopher's Law," which would make sure student borrowers and their families know exactly what could happen if they die or become disabled, and we've started a website about our efforts to get Christopher's Law passed (http://chrisbryski.blogspot.com).
This work has been meaningful and important. But it doesn't change the fact that every month we're reminded of my brother's death in the worst way every time dad puts a check in the mail to a heartless bank. That's why I'm asking Key Bank to relieve my family of this terrible burden and discharge my brother Christopher's student loan debt.
Thank you,
 
Ryan Bryski and Family
U.S. Air Force Veteran

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