[quote=earlyretirement]…I don’t agree with BG’s point of “don’t get a college loan”. Not at all. I just think that you have to really take an intimate look at what field of study you will go into, the prospects for employment in that field, how much your education costs vs. typical salary levels in that field….[/quote]
But ER, you have to admit that you didn’t attempt to drag your $100,000 (nondischargeable) debt into a marriage/relationship with your partner, have kids and attempt to get a mortgage to buy real property with them with this debt hanging over your head.
You took care of first things first … even if you had to work MANY hours to do so and only THEN progressed your life the way you wanted it.
Some students from modest means have the drive to retire their student loans expediently, before the lure of consumerism, pleasure and family responsibilities set in. But I believe these former students (who take care of business first) are in the distinct minority, ER. Congratulations. You are a member of that minority.
As it should be.
Note: a student loan follows ONLY the student-borrower until death. Whether taken out before or after a marriage, it is not a “joint debt” in any state that I am aware of. It is solely the former student’s own debt and will not show up on the credit report of a spouse or parent of the student unless they cosigned for it.
