Can a husbund and wife each get a seperate student loan?
I am finishing up my time in the military and the government has financed my associates, bachelors, and masters degree via the Montgomery GI bill and tuition assistance. Upon becomming a civilian again, I would like to begin work on my Doctorate, but I will need to take out a student loan for the first time. I have already exhausted all educational funds offered to me through the military, so I will have to finance this program myself. The issue is that I'm getting married and my wife-to-be has the ambition to go to medical school and has never taken out a student loan before either. My question is will a student loan be offered to both my wife and I seperately, holding her accountable for her loan and me accountable for my own or will student loans be offered to us as a family? If it's offered to us as a household, then that means that my wife and I will need a combined educational loan for between $150,000 - $200,000.
Public Comments
- IDK
- Congrats on deciding to get your Doctorate. I assume that the loan will give you the option of signing up as an independent or as a family. There are different kinds of students loans such as the grants you do not pay back and the loans that you will repay. Call the college you are looking into and they should be able to answer your loan questions.
- Ask your lender.....They may know better than anyone else on the matter. However, I believe it may depend on both of your combined incomes as to the eligibility. One school loan is bad.... But two? I would't do it......
- No, loans will be offered to you and your wife seperately. However, you can consolidate both loan once you and your wife have finished school and pay them in one payment.
