Can my spouse and I get joint student loan consolidation?

You and your spouse can opt together for student loan consolidation. If you want to consolidate your student loan with your spouse's, you will each have to fill in your income, debt and credit information on a consolidation application. The new loan will be in your combined names. In most cases, the two parties will have equal payment responsibilities. Then, you can begin making one payment as a couple each month to repay your student debt obligations. This scenario is beneficial in terms of ease of payment, and you may save money. However, this can be a bad situation if you divide your finances in the future.


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