It may be possible to consolidate your spouse’s student loans with yours… but weigh the pros and cons first!

If you and your spouse are burdened with student loans, you might have wondered if there's a way to combine your debts for easier management. Consolidating student loans can simplify your financial life by merging multiple loans into one, but what about spousal consolidation? 


  • Federal spousal student loan consolidation through government programs is no longer available, but private lenders offer refinancing options, which serve as an alternative to federal spousal consolidation. 
  • Reduced interest rates, lower monthly payments, and simplified loan management are key benefits of spousal student loan consolidation. 
  • Loss of federal protections, complex divorce implications, limited lender options, and irreversibility are potential drawbacks to consider if you are determining whether spousal student loan consolidation is right for you and your spouse.

The Landscape of Student Loans in Marriage

In the past, federal programs allowed couples to consolidate their student loans together, but those options have changed. 

Below, we'll explore the concept of spousal student loan consolidation, the Joint Consolidation Loan Separation Act, and alternative strategies to manage your student debt efficiently.

As the average age at first marriage remains under 30 for both men and women, many newlyweds find themselves navigating the complexities of managing student loan debt together. 

According to the Federal Reserve, a significant 58% of bachelor's degree holders under 30 have student loan debt, indicating that this is a common concern for young couples.

In the past, federal student loan borrowers had the option to consolidate their loans jointly with their spouses through the government's joint consolidation loan program, available from 1993 to 2006. 

Unfortunately, this particular debt consolidation program was discontinued, leaving couples with federal student loans without an official means to consolidate their debts jointly.

Spousal Student Loan Consolidation: Federal vs. Private Options

Federal Spousal Student Loan Consolidation:

As mentioned earlier, federal spousal student loan consolidation through government programs is no longer available. 

However, it's essential to understand the difference between federal and private options to make an informed decision.

Private Spousal Student Loan Consolidation:

Private lenders offer refinancing options, which serve as an alternative to federal spousal consolidation. 

Private spouse student loan consolidation, also known as spouse student loan refinancing, allows married couples to combine both federal and private student loans into a single, refinanced loan.

With private spousal student loan consolidation, lenders base the new loan's interest rate on your combined household income and creditworthiness. 

This approach can be advantageous if one spouse has a better credit score or higher income, as it may qualify the couple for a lower interest rate than they would get individually.

The Benefits Of Consolidating Student Loans With A Spouse

Spousal student loan consolidation can offer several advantages for couples looking to manage their student debt more efficiently.

Reduced Interest Rate: 

Combining both spouses’ incomes and credit scores could lead to a lower interest rate on the refinanced loan, resulting in substantial interest savings over time.

Lower Monthly Payments: 

Through refinancing, couples may qualify for new loan terms that offer a smaller and more manageable monthly payment, providing additional financial flexibility.

Simplified Loan Management: 

By consolidating both partners’ student loans, the couple will have just one loan to manage and repay, streamlining their loan management process.

The Risks Of Consolidating Student Loans With A Spouse

While spousal student loan consolidation can be appealing, it's essential to weigh the potential drawbacks before proceeding.

Loss of Federal Protections: 

Refinancing federal student loans with a private lender converts them into private loans, resulting in the loss of federal loan benefits and protections, such as income-driven repayment plans and eligibility for loan forgiveness programs.

Complex Divorce Implications: 

If the couple divorces after refinancing their loans together, they will remain legally obligated for the combined debt, requiring careful negotiation of payment terms during the divorce proceedings.

Limited Lender Options: 

Spousal student loan consolidation through private lenders is not as widely available as individual loan refinancing, limiting the choices and competitive interest rates for couples seeking this option.


Once the loans are consolidated with a spouse, it becomes a permanent decision that cannot be reversed. Couples must be certain of their financial situation and commitment before proceeding.

Alternative Approaches To Manage Student Debt In Marriage

If the risks associated with spousal student loan consolidation are a concern, there are alternative strategies to effectively manage student debt as a couple:

Separate Consolidation: 

Federal student loan borrowers can consolidate their loans separately through a direct consolidation loan. This approach allows individuals to combine their federal loans into one, offering benefits like extended repayment terms and other options to lower monthly payments.

Debt Avalanche Method: 

Couples can adopt the debt avalanche strategy to pay off student loans faster and save money on interest. By prioritizing loans with the highest interest rates, the debt avalanche method enables more substantial interest savings and faster debt elimination.

Co-signing for Refinancing: 

If one spouse has limited income or a low credit score, the other spouse can co-sign their refinancing application. This can increase the chances of loan approval and potentially secure a better interest rate.

Individual Loan Refinancing: 

Each spouse can pursue individual loan refinancing to secure better rates and terms based on their individual financial circumstances. This approach allows each partner to retain their own loan responsibility, avoiding potential issues related to joint consolidation.

Final Thoughts On Spousal Consolidation Of Student Loans

While spousal student loan consolidation through federal programs is no longer available, private refinancing options can be explored to combine both federal and private student loans into a single loan. 

However, couples should carefully consider the potential loss of federal protections and the complexities of joint debt if their circumstances change.

Before proceeding with any student loan consolidation or refinancing, it's essential to research and compare different lenders, understand the terms and conditions, and seek professional financial advice if necessary. 

Unique Challenges Of Spousal Debt

We at Credit9 understand the challenges you face when managing multiple debts, and we're here to help. Our mission is to provide you with the guidance, support, and expertise necessary to make informed financial decisions. By exploring our range of personal loans, you can take the first step towards a brighter financial future.

Together, we can help you become debt-free and empower you to achieve your financial goals.

How Credit9 Can Help

Since 2018, Credit9 has provided over $200 Million in loans to over 15,000 of our customers, and we’re confident we can help you too. For more information about Credit9’s unique debt consolidation services, contact us today to see how we can help you consolidate your debts and receive a free, no-obligation, and fully-customized Credit9 loan solution!