You had low or even no credit card balances, and you were on the right path financially. You’ve married into debt: Credit cards, student loans, the debt you didn’t have, your spouse does have.How do you handle your new spouse’s debt, and how does it affect you?Most likely though If not, your spouse (or you) probably obtained that loan before marriage.In that situation, you are not responsible for your spouse’s loans. News, there are some “money talks” you should have before marriage that could help.If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], fax (402.858.3929), or mail to: Nelnet P. But there are some factors to consider: It depends on whether or not you co-signed your spouse’s loan paperwork.
”The most likely answer is no, you are not responsible for that debt.
Marriage legally binds you to your spouse — but that doesn’t mean saying “I do” to another set of student loans.
Each of you remains responsible for loans you took out before your wedding.
Before you consolidate, consider the following pros and cons: Note: Just remember, you must continue making payments after submitting your application until you receive notice from your servicer that underlying loans have been paid off.
You have the option to select the servicer of your choice (of which, Nelnet is an option) After your new Direct Consolidation Loan is complete, you may still add more eligible loans to your existing consolidation.