Yes, in our case. Because school debt does not come with any benefits (like you'd have for mortgage debt). I can think of no advantage to your not paying it down. From which spouse's paycheck came the funds to do that is irrelevant, starting from the moment the money hit your bank accounts. |
| Our finances are merged and when we sold our home for a very good profit we paid off his medical school loan. |
| I paid it off in one lump sum ($110K!) when we got engaged. Good thing things have worked out! |
What else would you expect him to do??? Default on your loans?? |
| My Dh wanted to, he came to marriage with a lot more in savings but in principle I wanted to do it. Going away to grad school and breaking off from a life in the South was a real turnign point in my life and how I thought of myself. |
| It's all one pile for us. We could pay off the loans, so we did. |
| I inherited money and paid off my husband's law school loans. We would be making the payments out of a joint account so it seemed ridiculous not to. |
Who quits working when they have educational debt? Unreal. |
When there is a child who needs to be cared for, someone needs to do that work. Whether a parent does that work or a paid caretaker does that work, it is still work. The person above did not quit working, she began doing a different kind of work. |
The she didn't need a grad degree someone else could have used. |
I still had student loans when one of our children was unexpectedly born with special needs and needed a parent home more than our careers would allow at the time. For a variety of reasons it was a better fit for me to be the one to stay home, so I stopped working. |
If she got her MD, sure, what a waste. Otherwise who cares. |
Education has more than vocational value to an individual. |
| The interest on DH's loans was ridiculous (6.5% when our mortgage was only 3.5%) so we paid them off ASAP. I was so frustrated with them, plus they were through 3 separate companies. |
+2, and also we both had loans (I had more). So it wasn't him paying off my loans, it was both of us paying off our student loans, together, with combined finances. And the combined finances surely helped. (Will be finished next pay day!) |