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Money and Finances
Reply to "Financially hobbled for life- elite masters degree that don’t pay off"
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[quote=Anonymous][quote=Anonymous]so he's choosing to arrange his life in a way that his debt will balloon and then be written off when he dies. If they keep everything in the wife's name and structure his retirement savings correctly, it might be doable [/quote] I would be constantly stressed by the debt ball above his head. How does he qualify for anything? Credit cards? Home construction loans? In the article his wife had to not only use her inheritance to buy the house but also could only qualify for a $400K mortgage with her mother as the co-signer. Which means if anything happens, her mother and his wife are screwed but also -- they'll never sell that house. Because they can't afford to buy, lease, or build a new one. The wife has no income. And the debt-to-income for the husband will never be paid off in two lifetimes. [/quote]
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