5 ways in which student loan debt affects borrowers who divorce
On your wedding day, student loan debt is probably the last thing you think about. However, when the honeymoon glasses are removed and the glare of financial reality is established, the path to marital happiness can be irregular, especially when you have a large amount of student loan debt.
The outstanding debt of student loans in the US UU. It was $ 1.5 billion in the third quarter of 2019, according to the quarterly report on debt and credit of the homes of the Federal Reserve Bank of New York. [one] Almost 11% of the total student loan debt was over 90 days past due or in default.
When one or both have a student loan debt, especially above a substantial credit card debt or other loan debt, you may have to postpone marriage goals such as buying a house or having children. That's pretty bad, but can the tension of a student loan debt ruin a marriage? A Student Loan Hero survey says yes, at least for some of the divorced respondents. [two]
Click or slide to learn 5 ways in which student loan debt affects married couples and divorce.
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