Dating someone with student loan debt

dating someone with student loan debt

How does student loan debt play out in dating?

IonTuition, which provides an online debt-management service for students, conducted a survey of 1,000 American adults to determine how student debt plays out in dating. It’s not playing well. Seventy-five percent of survey respondents viewed student loan debt as “baggage.”

Should you marry someone with student loan debt?

If so, it’s important to learn as much as you can about marrying someone with student loan debt before saying, “I do.” Student loan debt usually isn’t an insurmountable obstacle in a relationship (although it may be for some people).

Should you talk to your fiancé about student debt?

Having a transparent conversation about finances before your wedding can save a lot of stress down the line. You may think you know how much student debt your fiancé has, but do you know the exact figure?

Should you go to a couples therapist if you have student loan debt?

There’s no reason why you can’t go to a couples therapist when everything is great. If you’re on the other side of the equation, the partner with student loan debt, it could be intimidating to be open about your finances in a dating relationship.

Is student debt ruining your dating life?

With almost 45 million Americans currently holding student loans, chances are at some point in your dating life, student debt — either your own or your partner’s — will become a puzzle piece that you’ll have to consider.

Should I tell my partner about my student loan debt?

If you’re on the other side of the equation, the partner with student loan debt, it could be intimidating to be open about your finances in a dating relationship. However, you might find that your partner is empathetic and open to your circumstances, especially if you’re upfront and motivated to work through your debt.

What happens to student loan debt when you get married?

Student loan debt that your spouse incurred before you’re married will almost never be considered your liability. An exception to this is if you cosigned on your future spouse’s student loan (s) or if you refinance the student debt with your spouse after you’re married.

Who is responsible for student loans in a divorce?

Debt that exists before a couple gets married, including student loans, is “individual property” and remains the sole responsibility of the partner who initially borrowed it. The other spouse cannot be compelled to repay this debt. 2 Another clear-cut case is if you co-signed student loans with your partner.

Is my husband responsible for my student loan debt?

Fortunately, the answer is no—at least, not when it comes to the legal responsibility for the debt in marriage. Debt that exists before a couple gets married, including student loans, is “individual property” and remains the sole responsibility of the partner who initially borrowed it.

Do you need a lawyer for student loan debt?

If you have a complicated student debt situation or specific questions about how your state’s community property laws affect student debt, consider consulting a lawyer. They can give you the most complete and specific advice for your situation that’s in line with local regulations. Do Your Partner’s Student Loans Affect Your Credit?

Can I get a mortgage if I have student debt?

Student debt can impact your ability to get a mortgage, but not as much as people think I know many parents worry that now we have £9,250 tuition fees, the subsequent debt will hit their childs ability to get a mortgage after studying.

Are student loans and marriage a good idea?

Student loans and marriage can be a tough combination, especially for engaged or newlywed couples. Student loan payments can add extra stress and costs that make it harder to save for your future together.

Related posts: