My husband recently said he may want to pursue college when he gets home, he asked me if my student loan issues would hurt his chances of getting loans or grants being that we are married and also that I owe money. I said no, but then I thought about it and started to worry. Should we worry?

Jen - he should not worry about that at all. Student loans are individually based and need based. Your issues cannot impact his ability to obtain loans.

Nuro's is RIGHT on the money.

AND... when completing information for loans, often, you can opt not to disclose the info about your spouse. It usually is a small mark against you, from my understanding, but tell him to look into Sallie Mae. Those are, well, pretty much guaranteed loans.

GOOD LUCK!!!

Jenn

Wonderful!
besides that, won't he get less aide if he is married though? won't he need to include my income? I guess only if we filed joint on our tax returns, I am thinking filing single is going to be best when he gets out. I have so many debt and credit issues, I don't want to hurt his chances.

Since he will not be able to reference tax returns for 2005, he will have to explain why he did not file a return. In this case I think he will be OK not including your income because you have not filed a joint tax return.

As a tax preparer let me clarify this for you. If you all live together you cannot file Single, you must file either Married Filing Joint or Married Filing Separately. Married Filing Separately is the worst option any married couple can do because there are so many limitations against the deductions that you are allowed to claim when using this status.

As a tax preparer let me clarify this for you. If you all live together you cannot file Single, you must file either Married Filing Joint or Married Filing Separately. Married Filing Separately is the worst option any married couple can do because there are so many limitations against the deductions that you are allowed to claim when using this status.


AMEN!!! They assume you are up to something and penalize you for it up front.

At least that's my theory...

Jenn

Married Filing Separately

This is what I meant by single, sorry. I used the wrong word is all I have been filing joint since we are married, for two years now and next year will make three. I also know about the deductions, but I did not mention that I have serious debt to IRS and they will take ALL of my refund including any money he makes as well, so that is why I may have to file Seperate. Or I can file with and Injured Spouse form when we finally are both making money, I know a lot about this, I have been researching it.

I read a post on here by someone who said her financial aid increased when she married, because the household was larger but there wasn't additional income. So, it would depend on whether or not he's working.

thanks ladies :)

One_luv is right on that part too, at least as it applies to grants and some loans, but loans like Sallie Mae are the same, regardless.

Good luck Jen! :)