Monday, August 2, 2010

Can my spouse and I consolidate our loans together?

Can my spouse and I consolidate our loans together?
You can consolidate your loans together, but it is not a good idea for a couple of reasons:
* Both of you will always be responsible to repay the loan, even if you later separate or divorce
* If you need to defer payment on the loan, both of you will have to meet the deferment criteria

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