Future airforce wife with 60k student loans?
Possibly future air force wife has 60k student loans. Any special thing is offered to her? Cheaper intrest rates….better apr? Maybe it woud be better to consolidate through usaa?
Id have to agree with you there. Hopefully she can just get a job and just blow payments out of the water with her money and live off me
Student loans are a Bear!!! With 60k one would hope she had a marketable skill that would enable her to pay it back. I wouldn’t mess around and move it to a private bank or credit union. There are advantages to keeping it under Student Loan status, for one thing if she goes back to school or has a “financial hardship” she can defer payment, and the interest rate is probably about as low as she can get. There are special programs (for military members and their SPOUSES) through some credit unions for the year or so you are deployed, but in the long run, and I would imagine it will take a LONG time to pay off 60k, she will be better off keeping as it is. Maybe she should consider joining…
As far as consolidation, loans are VERY hard to get these days. I don’t know what type of equity you have in your home, but I seriously doubt that anyone is going to give you 60k to pay to the student loan folks without an EXCELLENT credit rating and you putting something on the table, like your home. Is that something you want to do for a “Possible future wife?” Good Luck, this is a very good thing to think about before you get married, because when you marry her, you marry her credit, and her debt.