Me and my fiance have been together 6 years and want to get married this summer. Our parents have agreed to pay for the wedding, but we are looking into how getting married will change our financial status. How will we get medical, eye, and dental insurance? Will we still be able to get school loans? Can our parents still cosign a loan if we aren't dependent on them? We each take out 20,000 a year in loans for school and we have 4 more years to go before he is a pharmacist and I am a mental health therapist. We dont want to get married and then find out we cant get loans or insurance and not be able to finish college. Any advice???
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If you get married, you will no longer be able to qualify for medical insurance as a dependent of your parents. Your parents income would no longer be a consideration in your eligibility for financial aid, but its not likely you will get anywhere near $20,000 in aid per year each. You parents can still co sign loans...anyone can co sign a loan for you. But i'm very concerned at the amount of debt you are incurring. $20,000 a year is an enormous amount. Perhaps you should look into less expensive schools. Have you used the payment calculator to see how much your payments will be on these loans? http://www.finaid.org/calculators/loanpa…
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