Women and Money question

here is some information on student loans https://www.finaid.org/loans/scripts/interest.cgi and to answer your question, yes i am calling BS on the student loans if she is indeed claiming they are at 20%. I could be wrong but I just can't see any debt at 20+% interest unless it is credit card debt.

Those are federal loans....check out signature loans.  Look at sallie mae, Chase, Neew Jersey Class, etc.  They wont advirtise 20%, but the loan rates are variable they are usually like prime + something to start then variable from there and most people will take like 20K+ per loan period.  20% might be a bit exagerated unless she had no credit or bad credit and no cosigner when she took the loan.   

Thank you for the link

Quote Originally Posted by HeyRube:

male ...i think we are around the same age...the woman im dating now is in college and also has alot of loans..her interest rates are not nearly that high but not really the point ...if you are shopping for a lifetime commitment the interest rate will not matter ...you could always transfer the loan to a lower interest rate useing home equity or something...i dont think 2 months is the time to be discussing shit like that...my gf and i have dated a year and just started bringing up finances...if you love her and want her, those tings will take a back seat in time..they have for me...10 months ago if i knew her debt i might have dumped her... now i think she may be the one and could care less because if i marry her we will go at whatever life offers us good or bad, together. sorry to get so sappy but just thought i would chime in since we are in similar situations...just keep feeling her out if shes a money blowing smuck 5 months from now dump time if she has debt from college who gives a shit ...it was to better herself and will eventually help you as well

same kind of advice my brother gave me. I guess I don't understand this entrie love thing.  Everything is black and white to me.  In my world 2+2 =4, No exceptions.  I view every situation as +EV or -EV, it is that simple. 

As most who are close to me have told me, love is not a numbers game it is about feelings. 

LMAO 

Marriage is one of the biggest financial investments a person will make in their lives, and should not be treated as if it is not. {for men AND women} And what's up with "shallow American males" comment??

i cant help ya with all the moral questions of whether or not to get involved  with someone who is or isnt responsible with money but maybe i can clear some things up regarding the student loan

im an account manager for a "gaurentor agency" in which 95% of our business is student loans.  when it is time for someone to begin repaying their student loans,  they typically pay between 4%-10% in interest.  10% is very rare and certainly on the high end of the spectrum.  if someone defaults on paying their loans back, the loan is sold to a "gaurentor agency"..there are dozens of these agencies in the US. once the loan defaults to a gaurentor, interest rates can increase to as much as 25%.  if the gaurentor is not being paid, then the loan can default to a federal level, i.e..US Dept of Education.  at that point, interest rates can soar anywhere to 25% -35%.  ive seen $10K loans turn into $40K loans within 2 years. 

my guess is that if she is telling the truth, then she has defaulted on her original loans.  just remember too, student loans dont go away, you cant discharge them under bankruptcy laws and there is no statue of limitations.  if you should marry this girl, then you will have to deal with situation.  unfortunately, ive seen 70 yr old widowed women that have their SSI and Disability Checks garnished  because of old student loans/parent loans.  maybe this helps, maybe not....but yes, it is possible to have a 20% interest rate on a student loan