Originally Posted by
Otterbox
She doesn't work? What'd she get a degree for?
If you're newly married I'd wait at least 5 years before you pay off her loans. Have her work to pay off the interest once the deferment runs out. After the 5 year point it can be either an anniversary gift or part of a divorce settlement where she takes half of your nest egg. Hopefully it's the former...
She got a bachelor's and master's in psychology. She worked for a tech company awhile but the best she could do was about 25k/year doing crappy contract work that still required long hours and lots of work at home after the 9-5 office day ended. They reneged on promises to hire her full time after being contract for a year (wanted her just to keep being a contractor with no benefits forever) so she quit, with my encouragement.
She knows she made a mistake with her education and says she got bad advice from advisers. Also she listened to everyone who said that education was the way out of poverty.
I'm doing okay in the markets lately like most people but long term I doubt I'd be able to out-earn the 6% interest rate on the loans.
Thanks for the advice so far.