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[quote=Anonymous][quote=Anonymous]Alright, I am a perpetual worrier. My fiance has $100k in student loans. I make $40k, he makes $30k. We're in MA. He is in the medical field, not using his degree. 
I think 10% of those loans are federal and the rest is Sallie Mae.  He can't keep up with the payments. He has used all his forebearances. He will be late on a payment, get a zillion calls from them, somehow scrounge up the money, then the cycle continues.  It's $600+/month that he just can't afford. I pay a higher portion of our rent/bills (because I make a little more and have less expenses than him), but not a huge difference. 
He wants to go back to school (to be an NP or PA), in a year, which of course will require more loans.
It's hard to discuss with him because I don't really have any good advice for him, nor do I have the practical answer ($$$). Honestly, if I had the money, I would of course help him out until he got back on his feet (as I know he would with me).

Neither of us want him to default - especially if he'll need more loans in the future.  I have excellent credit, no student loans- just a car loan w/ 2 years left.

What can I do?  I know it's not technically my responsibility, but any advice?  Any sites you can lead me to?  I'd like to point him in a direction he hasn't explored yet.

[b]Also, if he DID default- what does that even mean?  What are the consequences?[/b][/quote]

That's pretty unethical. Too bad that they don't take away diplomas when people default on the student loans! You guys are making bad karma and something bad will happen to you in return  :twisted: 
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