Imagine you've met the perfect partner. And after a year or so of dating , you can honestly see yourself with this person for eternity. Unfortunately, nurturing this love comes with one huge catch: Your friend, confidant and soulmate is absolutely drowning in student loan debt. You can either a see this relationship through and get married anyway or b consider student debt a deal-breaker. If you think this situation is unlikely, think again. So even if your loans are paid off, it's not uncommon to meet someone who still has debt from college.
Dating When You're $120,000 In Debt
Dating In Debt: Why More People Are Saying No To Toxic Financial Baggage - Wealthfront Blog
We hold our sponsors and partners to the highest industry standards. Once vetted, those sponsors may compensate us for clicks and transactions that occur from a link within this page. Four Debt. Dating with debt can feel embarrassing. As much as you may want to avoid it, talking about your debt with your significant other is important for the future of your relationship.
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It is the ultimate stepping stone toward getting an education, owning a home, driving away in a new car, and financing essential purchases that you may not be able to pay for upfront. We wanted to learn more about what kinds of debt are acceptable to potential partners and which loans throw up a red flag. We also wanted to understand how much money Americans felt was acceptable to allocate to loan payments, such as student loans, each month and how those figures compared to real-life statistics. Getting Personal.
Relationships can be tricky enough without the issue of one partner having large-scale debt. Is debt a deal-breaker in a relationship for you? Should it be? A recent survey conducted by SoFi finds that millennials consider debt to be the second-largest deal-breaker in a potential relationship partner.