(Closed) Does Your SO help pay for student loans?

posted 6 years ago in Career
  • poll: Does your SO help pay your debt?
    Yes, we are a partnership : (64 votes)
    44 %
    Yes, financially he/she has to : (4 votes)
    3 %
    Yes, although I am reluctant about it : (5 votes)
    3 %
    No, it's my debt=my problem : (60 votes)
    41 %
    Other (please explain) : (13 votes)
    9 %
  • Post # 3
    Member
    2226 posts
    Buzzing bee
    • Wedding: January 2012

    I wouln’t expect it but since I’m listed as a dependent on our taxes, there is an advantage for him to pay my tuition so I wouldn’t tell him not to. As it stands I work part time and pay for it out of my account but he handles ALL our living expences so in a way he really makes it a lot easier for me to go to school.

    Post # 4
    Member
    133 posts
    Blushing bee

    The student loans are my responsibility. I have a plan to pay them off in full by 2016, and have been following it for the past 5 years. That said, my Fiance and I will probably pay them off in full together soon after the wedding. I feel a little guilty asking if we should do that, but it would help with cash flow, and savings. So, I feel less guilty, because these things are both useful also. 

    Post # 5
    Member
    5400 posts
    Bee Keeper

    To me, when we are married we will be combining finances and I view us as a unit at that point. Regardless of whose paycheck it comes out of, it all comes out of the same place in the end. 

    Post # 7
    Member
    4336 posts
    Honey bee
    • Wedding: October 2011

    “SO” no.

    “FI/DH” yes.

    Post # 8
    Member
    2190 posts
    Buzzing bee
    • Wedding: March 2013

    Currently I’m paying on my loans. I pay $775/month. EEK! It’s tough, but it was my decision. While I don’t ask him to help me pay, we are in this together and split things as much as we can. If I’m tight on money one month he will help me. He is still in school so his loans are currently deferred. 

    But this month I start a new job (making more than I was at my previous job) so that should help with the payments. What crazy person starts a new job the same month they are getting married? Oh yeah… me! 😉 

    Post # 9
    Member
    1720 posts
    Bumble bee
    • Wedding: July 2015

    My school is being paid for by parents (thank goodness) but Fiance will have some student loans and I plan on helping him pay off any debt he has because we are combining our finances so we won’t even be able to really tell who is paying for what.  We are a partnership and will help each other with everything, once we are married his debt will become my debt but his money will also become my money.

    Post # 11
    Member
    837 posts
    Busy bee
    • Wedding: July 2013

    I have zero personal debt and my Fiance has a lot of student loan debt. We have a house, so we both have a mortgage.
    We basically share all expenses. Fiance currently makes way more money than I do, so technically he pays his own student loan and our entire mortgage, but I covered the entire down payment. Now that my car payments are done I pay the same amount that would have gone towards my car in previous months towards his student loan so that we can pay it off faster. So technically I’ll be helping to pay it off, but probably more like he can pay more now because I’ll be paying my share of the mortgage… but then I pay other bills and he pays other bills, so if you averaged it all out it would be fairly even, with his student loan being one of our shared expenses. 🙂

    Post # 12
    Hostess
    3571 posts
    Sugar bee
    • Wedding: June 2011

    Well, Darling Husband and I owe more or less the same. Well, he owes more than me, but honestly it’s so much that it doesn’t really matter. We’re about 200k in the hole, combined. Right now, our payments balance out right about to approximately 2k a month on a 10 year plan. He sucks at bills, so I actually just pay all of them, but all of the  money comes out of joint checking. 

    It sucks, but we both came from families/areas where we literally didn’t have any other choice if we wanted to have professional careers. We both have been pretty ambitious in our careers, but it’s still scary because I feel like there is a lot of pressure to get it all paid off. We paid a huge chunk in the last year while we were here, but there’s still a ton left.

    I keep telling myself though that once we have them paid off, having an extra 2k/month to invest or use will seriously make me feel like we’re loaded. 

    Post # 13
    Member
    2190 posts
    Buzzing bee
    • Wedding: March 2013

    @aliciapdx:  Yes, it is. :/ But fortunately I got a good job that actually utilizes my education. So I’d say it’s worth it for sure. 

    Post # 14
    Member
    2190 posts
    Buzzing bee
    • Wedding: March 2013

    @NLbride:  That sounds like you guys have a very fair and balanced plan. 🙂 And that’s great that you are helping him to pay it off faster. The less interest you can pay, the better for sure!

    Post # 16
    Member
    5654 posts
    Bee Keeper
    • Wedding: April 2011

    When we got married all of our finances were 100% merged and all of our money goes to paying our bills, included my student loans. Infact I’m now a wahm mom where my income is purely supplemental so it’s basically him paying all of our bills.

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