Apparently the banks considered her a high risk borrower, in a CNN article it said she was paying 12% interest rate and the parents weren’t making payments for some time, that’s how $100K grew to $200K — apparently the loans were taken out years ago and she died some four years ago.
Sad, but that’s why people need to think of the worst that can happen and take that into account, when making decisions.
12%???? wow! that sure ain’t your typical student loan rate!