Question for the Money Doctors
Question submitted on Jun 17, 2011.
My boyfriend and I have been talking about getting married for sometime. He is applying to law school and was told he would have access to more grants/loans being married - is this true?
Congrats about getting married! I do not believe there are additional loans or scholarships available just because you get married. Generally, scholarships and subsidized student loans are "need based." If you and he are now living with your respective parents, and then get married, it is possible that you may become more eligible to receive these scholarship and loans because your parent's assets and income are not considered in the financial aid computation.
I encourage you to visit http://studentaid.ed.gov and apply for student financial aid there to see what you are eligible for.
Of course, if you and he can work your way through law school paying as you go, you could save tens of thousand of dollars in interest by not borrowing the money. Good luck!
For additional information visit http://www.360financialliteracy.org/