College Loan Debt… Even After Death

It took six years and nearly 80,000 signatures on an online petition to persuade KeyBank (NYSE: KEY) to forgive the student loan debt of a deceased student.

Christopher Bryski was injured in a recreational accident in 2004 when he was a junior at Rutgers University. After two years in a comatose state, Bryski died with about $50,000 in student loan debt. His father had co-signed for those loans.

After years of unsucessful negotiations over the debt, the brother of the victim launched an online petition drive to protest KeyBank’s policies. Within days, the family had collected thousands of signatures, and KeyBank officials agreed to discharge the balance of the Bryski family’s loans. The bank will also review its policy as it relates to families in similar situations. Read more…

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