${site.data.firmName}${SEMFirmNameAlt} Main Menu
Call Today: 855-805-0595

Dividing student loans in a divorce

21449053_S.jpgOnce you and your spouse have made the tough decision to end your marriage, you will likely face many more challenging decisions. If you are like many other couples in Missouri, how to split your assets and your debts will be some of the most difficult decisions you will need to wrestle with. While many people assume that if a debt is in one spouse's name only that person will assume all responsibility for it after a divorce, that may not necessarily be the case.

As explained by The Daily Worth, the timing of when student loans are incurred may indeed be part of how it is decided who should repay them after a divorce. However, there are other factors to be considered as well. Among these factors is what the money from the student loans were used for. For example, if rent or a mortgage was paid for with the money, it may be more likely to be deemed a joint debt.

Also important in the decision will be the ability of each spouse to earn a living and how long both spouses benefitted from a lifestyle supported by the one spouse's education that was paid for by the student loans. The more recently the loans were incurred, the more likely they may be identified as a separate debt.

If you would like to learn more about how debts including student loans might be divided between spouses during a divorce, please feel free to visit the marital and non-marital debt page of our Missouri marital dissolution website.

No Comments

Leave a comment
Comment Information
2015 Top 100 Lawyers - ASLA Lead Counsel Rated Rated By Super Lawyers American Legal Institute | America's Top Attorneys 2016 Nation's Premier Top Ten Ranking 2016 | NAFLA 10 Best 2014-2017 | 4 Years Client Satisfaction | American Institute of Family Law Attorneys ™ Avvo Rating 10.0 Superb The National Trial Lawyers National Association of Distinguished Counsel | Nation's Top One Percent National Academy of Jurisprudence Rue Rating | Best Attorneys Of America | Lifetime Charter Member The National Advocates Top 100 Lawyers | America's Premier Attorneys Law Firm 500 | 2016 Honoree America's Top 100 Attorneys American Jurist Institute Top 10 Attorneys American Jurist Institute Top 10 Attorneys 2017
Stange Law Firm, PC

Stange Law Firm, PC
901 E. St. Louis
Suite 404
Springfield, Missouri 65806

Phone: 417-799-7887
Fax: 417-799-3344
Springfield, MO Law Office Map