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Is Suicide an Option to Get Out of Student Loan Debt? – Michael

“Dear Steve,

Student loan debt. Suicide as the option to get out. Do not want to work the rest of life thinking about this debt. If I cannot be free, I would prefer to be dead. I am going to die anyway. What possible difference can it make?

I am also in debt on student loans, and have considered suicide. I know it sounds odd, but I have already decided to go through with it. I even have the time and place worked out. I do not want the banks contacting my parents after I am gone. They will have enough to deal with. How can they be notified so that no one contacts my parents?


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Dear Michael,

If your student loans are government backed there are actually some good programs available to reduce payments and make them more affordable.

If the student loans are private student loans and your parents are the executor of your estate they will most likely be contacted. If your parents guaranteed or co-signed for your student loans they may be held responsible for them even if you are dead.

Before you consider suicide, let’s take a look at your student loan situation and see what options exist.

Please post your responses and follow-up messages to me on this in the comments section below.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.


  • Michael, never seek a permanent solution to a temporary problem.  There IS a light at the end of the tunnel and it’s not a train.  You can get through the challenge of student loans…taking it one step at a time.  It’s not necessarily easy, but it’s very doable.

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