Save Money Today on Your Student Loans
When you’re in a long-term partnership, your successes are your partner’s successes. Their debt affects your life, and vice versa. And an income boost for one can raise the quality of life for both.
So should you go all the way—and officially combine your finances?
Teachers enter their field for many noble reasons: the opportunity to help children, their desire to serve their local communities, or simply for the love of their particular subject. To join this valuable profession, many of them invest heavily in their own education, emerging from college with substantial loans.
If you’ve enjoyed tax benefits for being a college student, you may be mourning the loss of those valuable credits now that you’ve graduated. But the upside of your educational investment doesn’t need to stop now: The government offers a special tax deduction for student loan interest, which could save you hundreds of dollars when you file this year.
Does the love of your life have a giant pile of student loan debt? If so, that’s not surprising. Approximately 70% of college graduates have at least some student debt—and the average amount of that debt is somewhere around $37,712.
It’s a common misconception that once you marry, you’re jointly responsible for your spouse’s student loan debt. In fact, in the vast majority of cases, you’re not. There are exceptions to this rule, however.
You knew exactly what life was going to look like when you graduated. You’d get a sweet job, a sick apartment, and a regular spot at a trendy bar where you’d debrief with your quirky coworkers. You’d spend your weekends brunching and staying out late watching your favorite bands perform.
But then reality hit.
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