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Reply to "Defaulting on student loan? "
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[quote=Anonymous]As a person with a lot of loans in a not that high paying profession, I'm more sympathetic to your situation than some of the PPs, however, I think they are basically correct. These loans can't be discharged in bankruptcy, and the private loans aren't eligible for income based repayment. If you intend to stay together and pay the loans-and it sounds like you plan to do so, you both need to make more money. Personally, I would sit down with him and make a one year plan, a five year plan, and a ten year plan. If he can't stick to the plan and make a dent in his debt, you need to think seriously about whether you want to marry him. Personally, I'm not a big Dave Ramsey fan, but maybe a plan like that would help you.[/quote]
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