I’ve said many times that one of the problems that arises from running up large student loan debt is that the debt can scare off prospective marriage partners. A lot of single people do not want to marry a person who has $100,000, $150,000, $200,000 or more in school loans that will require a lifetime to repay. For many, marrying into a big school loan debt means the couple may never be able to qualify for a home loan – the school loans replace a thirty year mortgage.
The New York Times has a article on the sad, but all too common topic. The article is “How Debt Can Destroy a Budding Relationship.” The article is a must read for everybody who is contemplating going into big debt to pay for school.
“At a time when even people with no graduate degrees . . . often end up six figures in the hole and people getting married for the second time have loads of debt from their earlier lives, it should come as no surprise that debt can bust up engagements.”