Reply to Would you have a serious relationship with someone with 200k in student loan debt?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Honestly, I would not.  My DH had 70k of student debt when we first met and was paying it down very slowly.  I worked really hard to pay mine off quickly, so I had none.  I wanted to save up and pay his off quickly, he didn’t want to do that.  It’s honestly the biggest thing we fought about and now that he got the loans forgiven we finally don’t really argue about money.  200k of debt is insane for undergrad. [/quote]

This is OP.  I am 25 years old.  I graduated from UVA at the age of 20 and have been working at Apple for the past five years, making around 250K/yr as a SWE.  I have about 500K in the bank.  I live rent free in a condo that my parents own and I don't have to pay for food because I eat breakfast/lunch/dinner with my aunt & uncle who live in the same building as I do.  I don't mind paying off her student loan debt if she is "the one".  My mother was a retired MontCo public school teacher.[/quote]

OP if she has just an undergrad degree, there is no way she is $200k in debt with federal debt alone unless her parents took on loans that they expect her to pay back, known as federal parent PLUS loans. Even if she took on private loans, they are probably co-signed by her parents or were taken out by her parents. If you are getting serious with her, you'll want to know exactly what portion of her debt is her own, and is federal. If she's $200k in debt because she maxed out her own loans and also got a master's already and it's really her own debt then my advice is a bit different. She can sign up for an income-driven repayment plan which will limit her monthly payment to never be more than 10% of discretionary income, greatly reducing her monthly burden. If she teaches or continues to work for a govt or nonprofit over the next 10 years, all those loans will be forgiven. Obviously, she must be committed to being a public servant or else the interest amortization will be a lot, however she would reach loan forgiveness generally in 20 years on income-driven repayment. It wouldn't be a deal-breaker for me unlike a lot on this forum if it was all federal debt due to the programs I've described, but I'd be concerned that her parents hold a lot of that debt with the expectation she repay which is murky and deserves honest conversation.[/quote]

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