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Question
How do student loans work once you are married? Okay my nephew is getting married next year. His fiancee has to pay back $80,000 on her student loans. My nephew's student loans from college are paid off. Once they are married does this become his debt? which I assume it does. Have been out of school for a LONG time just wondered how does this work. Please no sarcastic answers my nephew asked me and I had no clue. Any information is welcomed. Thank you!
By Poundkey Posted on 11/19/06 Total Answers 3
Answers-
The answer is really yes and no. Yes the loans will show up if they apply for things such as credit cards, car loans, and home loans. No, since the debt is previous to marriage it would be very difficult for her or the holder of the debt to make him pay it. It could be held against her estate if she died. They can still garnish your entire tax refund if you go into default on the loan (both your refund and hers) unless you file married filling separately. In essence the loan only affects those things they will do together, especially credit issues.
Answer by : ThinkingMan2006 On Date 2006-11-19 20:02:08

He will not be responsible for the debt. When I married, I also had an outstanding student loan that I am obligated to pay, not my husband. Only the one who actually borrowed the money is under the obligation to pay it back. I hope this answered your question.
Answer by : roseytobear On Date 2006-11-19 20:03:01

They will still have two separate credit records. The debt won't be held against him unless he gets student loans and has them consolidated with her debt. This is based on my and my wife's student loan standing.
Answer by : Jason T On Date 2006-11-19 20:28:13

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