Eliminate Debt & Debt Consolidation

Huge student loan debt

My tyro loan debt is usually a small over ,000, though my fiancee’s is 0,000 given he motionless to go to propagandize out of state. The complaint is his vital is song composition, so it is never a certain thing which he will have a decent song job, let alone a well-paying one. My vital is in Environmental Policy as well as with grad school, you in a destiny might have a intensity to have around -70k a year, though not for during slightest 5 years of being in a field. He graduates in December, so he will have to begin profitable off his loans in July. Is there any approach you will ever be means to shun his debt? I’m am so frightened for a future.


There are 4 suggestions to question “Huge student loan debt”

  1. First let me tell you that the person who said to not marry this guy until he is out of his student loan debt obviously knows nothing about student loans in many cases. First consult an attorney and make sure that if you marry him and for some reason a divorce happens, that you would not be responsible for that debt. The other thing is NEVER consolidate them into both names. If for some reason he were to die, and you do consoldate you will be responsible…if you leave it in just his name and he dies the debt will be forgiven. I hope this makes sense.

    As for paying it back…my husband has 93,000 dollars in student loan debt and he pays it back at about 470 a month. So be preapred for that payment the rest of your life. Also consult the bank regarding housing as to how this would affect you every buying a house. Don’t let everyone scare you. just be responsible and be causious of what you need to do and will have to do in the future.

  2. Student loans SUCK! Just make that your priority to get them paid off as fast as possible. Double even triple up on payments if you can!!

  3. Do “not” get married, until he is debt free. Or he will dump itall on you. So dump him first.Make your own future, because, there is none with him.He has already “spent his future.” So, don’t say “WE.” <}:-{(

  4. No. He can never escape this debt.
    He will always be responsible to pay it back. Student loans can’t be discharged in bankruptcy either, so if you do marry this guy, don’t ever plan on being able to afford a house or have kids. Even if he becomes disabled and can’t work anymore, he’ll still have to pay it back. If he dies, his cosigner will be responsible to pay it back.

    Move on….. for a better future for yourself. Find someone with better money mgmt sense AND better job prospects.

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