Hello everyone,
My boyfriend recently proposed to me, and I just found out that he will accumulate approximately 70k in debt from an average state university for an undergraduate finance degree (he previously told me 50k, but I looked into it, and it's actually 70k--he literally doesn't pay attention to anything and genuinely didn't even know how much debt he signed himself up for). Not only that, but all of his loans are through Sallie May, and some of them have 8.5% interest rates (he didn't know anything about federal loans, and his parents had him sign up for solely private loans...I know...)
I had a full-ride scholarship for undergrad and have no debt from that, but I was recently accepted to a graduate anesthetist program and will graduate with about 60k in debt, so together we are anticipating about 130k in debt.
Now, I am essentially guaranteed a 120k starting salary (and an average of about 160k-180k after a couple years of experience), but considering he has a 3.0 GPA at an average university, I don't anticipate him making more than 40k to start.
With that in mind, what should I do? Should I wait on the wedding until our debts are paid, or should I not worry about it? I love him to death, but damn...that's a scary amount of debt to sign myself up for. I appreciate all of your help!
Submitted March 08, 2017 at 10:24AM by throwaway_debtmarry http://ift.tt/2n6p09v
