How Your Spouses Student Loans Affect You
If you get married, you definitely need to consider how your and/or your spouse’s loans will affect the other with regard to taxes and in the event of a divorce. If you or your spouse have student loans and you are enrolled in the Revised Pay As You Earn plan, your monthly loan payment will increase, because the plan bases your payment off of your combined adjusted gross income. If you incurred the debt before the marriage, that’s your responsibility to pay off (and the same goes for your spouse). But, if the debt was acquired post-marriage, things “get murkier.”
To read more, see here.
