Student Loans and Divorce
This is sometimes a complex issue which is an important topic of conversation in mediation. More often than not in mediation the party with the student debt retains the debt in his or her name even if it is in exchange for another item of consideration, but the law regarding the responsibility for student debt sometimes depends on what the funds were used for (i.e. living expenses vs. tuition), but in any case, the allocation of the responsibility depends on the law of your state.
To learn more about student debt and how it can affect your divorce, read “What Happens to Student Loans in Divorce?”