There used to be a time when married couples could consolidate their individual student loans. However that is no longer possible. I believe since 2006, this provision has been withdrawn and you no longer can consolidate your student loans with your spouse. Why? Well, should you consolidate your student loan with your spouse then both of you are now responsible for the loan amount and in the event of the marriage dissolving it becomes difficult for the loan to be split.
With this in mind, federal consolidation of spousal student loans is no longer an option. We get many questions asking if consolidating his or her loan with their wife or husband is possible. Below are a sampling of these questions
- “My wife and I are due to graduate from college very shortly, will we be able to consolidate our student loans into one loan or will we have to each consolidate individually?”
- “Can both me and my spouse consolidate our loans to one single loan?”
- “How can I get the best rates? I plan to consolidate all my loans with my wife”
- “Can you tell me the best consolidation company where me and my husband can consolidate our student loans?”
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