Two words can change not only your relationship status but also your personal finances: “I do.” That applies to student debt. Merging your finances can change your repayment strategy.
“I buckled down a few months after the wedding,” says Alexander Armstrong, who received his bachelor’s from Georgetown University in 2009 with around $30,000 in student debt. “My wife, who is much more financially savvy, pushed me to think seriously about tackling them faster – she didn’t want me to have that debt as we planned to eventually buy a home.”
The 30-year-old says he refinanced his student loans to a lower variable interest rate and that he’ll have his loans paid off just in time for the arrival of their first child later this year.
Read the Full Article at www.usnews.com >>>>