Reply to Daughter married a doctor, he’s pressuring her to pay off his student debt

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Seven pages but OP has not responded to questions.  Why is anyone still bothering?[/quote]

She did.  15:30[/quote]

Those aren’t answers other than some weird anti private school rant.  Is he asking to pay it off quickly using their current joint accounts?  Is he asking her to pay off using premarital assets in her name?  Do they currently have separate finances?[/quote]

There’s no “weird rant,” it was detailing why his loans are sky high. He and his family chose let him attend higher status and the most expensive private colleges for both undergrad and med school, which resulted in lots of loans. His spouse attended humble and affordable public colleges her family could afford. Now you think the wife who was fiscally responsible should bail her husband out of debt he accumulated before they even met? This is nuts. Hell no. She shouldn’t pay a dime.[/quote]

Um, you're acting like there's no future benefit to attending prestigious schools.  Why do you think people shell out small fortunes to attend these places, lol??

I'll be the first to admit there's not an r^2 = 1 correlation (to put it in nerdy, statistical terms) between prestigious schools and future wealth/career success.  A lot of the benefit of these schools is in the networking and related factors, not necessarily the actual education.  So an introvert like me, who hates the social aspect of the work world, benefited less from my Ivy degree than others.

But you're crazy if you're treating debt from prestigious schools like an overpriced vacation he put on a credit card.[/quote]

And for medical school, you attend where you get accepted.  You don't get to pick and choose.  State schools are really difficult to get into for Med school/PT/OT/Law because they are more affordable and everyone obviously wants to save $$ on med school 
[/quote]

Pure hogwash. You don’t have to attend Vandy undergrad or a private out of state medical school to become an MD. Our MD son just went through this. He got into higher ranked private colleges but chose more affordable and slightly lower ranked in-state public universities. It saved him hundreds of thousands of dollars.[/quote]

Did you read?  Yes, most apply to their in-state Medical schools.  In my state one is 40K/year the other is 59K.  But those are as competitive, if not more so than the Vandy/Harvards/JHU precisely because kids want affordable, so everyone applies for in-state.  But there are 2 choices in-state, if you don't get into either, then you either don't attend med school or you apply to others and pay more.

Hint: not everyone gets into an "affordable" med school.  It's damn competitive.

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