Rogers, Kamm & Shea
Pay Here
Schedule Your Appointment
888.521.9952

Divorcing with student loan debt

When you and your spouse in Tennessee come the decision that you will no longer remain married to each other, it is time to embark on the difficult journey of splitting up your joint lives. There are many layers to this and some of the work involved focuses on separating the two of you financially. If one or both of you have student loan debt remaining from your college days, you might automatically assume that this debt will be assigned to the person who took the loans out. That may happen but it may not.

As explained by Student Loan Hero, if you were already married when the student loans were taken out, that might raise the question about whether the debt was truly for the benefit of only one person or for the benefit of both of you.

The determination of whether student loan debt is the responsibility of one of you or of both of you may also hinge on what it was used for. If your spouse took out student loans but that money was used to pay your rent or other living expenses while they were in school, it might be determined to be a shared debt and then it could become part of your property division settlement. 

If you would like to learn more about how existing student loan debt might factor into your divorce settlement agreement, please feel free to visit the asset and debt distribution page of our Tennessee family law and divorce website.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Nashville Office
2205 State Street
Nashville, TN 37203

Toll Free: 888-521-9952
Phone: 615-320-0600
Fax: 615-320-9933
Nashville Law Office Map

Franklin Office
317 Main Street, Suite 206
Franklin, TN 37064

Toll Free: 888-521-9952
Phone: 615-807-1287
Franklin Law Office Map