Marriage and Finances: Should you consolidate student loan debt?


Thinking about consolidating your student loans with your spouse? Take a step back and read on to see why that would not be a good idea. Below I provide an excerpt from my e-book, “The Student Debt Manifesto: How To Pay off Student Loans And Gain Financial Freedom.”

“Henry and Sarah just got married and decided to combine finances. They are thinking about consolidating their student debt. They should not consolidate their student debt. Firstly, divorce rates in the United States are high. Say you were to divorce; you may become responsible for more debt than your original balance. Second, disability or death. It is best to keep the loans separate because it allows the surviving spouse to have the deceased spouses’ loan repealed.”

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