I recently got married, got a full time job (32k/year), and started my final year of my MA program, which is not paying off right now but should allow me to promote more quickly once I get a few years of experience (Higher Ed). Just finished paying off wedding/tuition and my accounts are in the hundreds. My wife is finishing her final year of a BS in Civil Engineering which starts out in our area around 50-60k/year (right now she takes home about 800 a month with a student assistant job and is looking to start an internship which will bring in a little more hopefully). She has about 12k in her savings, most of which is student loan money. We also are sharing a residence with my Father-in-Law since he has been acting off since his wife died a few years ago. Living with him is making us want to stop renting, although right now it is very manageable rent at 1200/mo plus we are getting $500 in rent from FIL. We are excited to get a house of our own and start building equity, and a home that has a big enough yard to build a tiny home on a trailer in the back yard for FIL.
My wife said maybe we should take out a bunch of student loans our last semester and use that as a down payment for a house, since student loans are typically much lower in interest than house loans. I am not sure if this makes sense financially and wanted to check with the community.
