Combining families, homes, cars, and even bank accounts is expected and embraced by most couples entering marriage.But there's one thing that many newlyweds forget they'll be sharing when they say, "I do"--their spouse's student loan debt.
Consolidating student loans hurt
According to The College Investor, disagreements over money and finances are the biggest cause of divorce in the United States--and student loan debt can play a big part in that.
As tuition continues to rise and more people pursue graduate degrees, student loan debt increasingly leads to marital problems or prevents couples from marrying in the first place.
The company has been refinancing student loans since 2013 and has originated $1.3 billion in loans to borrowers in all 50 states.
If you or your partner decides to refinance your student loans, DRB will work with you to determine a payment schedule that fits with your plans as a couple.
When it comes to consolidation, the types of loans you have matters, but most federal loans, including Stafford, Perkins, Direct Plus and Supplemental loans, can be consolidated with other federal student loans.