<prompt> Human: My husbands parents own some of his student loan debt. Instead of paying Sallie Mae every month, we pay them. It earns them interest and we pay less, so everyones happy. My question: when we apply for a mortgage some years down the road and have paid off all our Sallie Mae debt, do we still have to report the debt to his parents?  <response>: Technically? Yes. Will anyone ever find out if you dont? Almost certainly not. 