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Student loan debts put marriages at risk in the United States

Being newly married is exciting, but if there are already troubles in paradise, one of the issues may stem from student loans. Combining your debts, bank accounts, homes, cars and other items can work in your benefit, but you may also find that you don't want to take on your spouse's debts.

Normally, spouses aren't responsible for their significant others' student loan debts; if you spouse passes away, you won't have to pay them back. You won't have your credit affected by them, either. However, that doesn't mean you won't spend a portion of income on those loans. If you share an income, that could mean taking money away from other things you'd rather be doing. If you're living on only one income and the other non-working person brings in that debt, it can cause tension, too.

Student loans can cause conflicts in marriages, and according to The College Investor, finances alone are the larges cause of divorce in the USA. One of the most common kinds of debts couples have is student loan debt, so it's reasonable to say that many of the conflicts could involve high student loan repayments.

One study by a professor at the University of North Carolina claims that if a person has $10,000 in debt from student loans, that debt can decrease the probability of getting married (or having a lasting marriage) by 3 to 4 percent. Another study found that many people don't want to help their spouses pay down large debts. With this in mind, if you still plan to get married, a prenuptial agreement could help you make sure your spouse's debts stay his or her own regardless of what happens to your marriage.

Source: Huffington Post College, "How Student Loans Can Wreck a New Marriage," Aryea Aranoff, Dec. 16, 2015

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