Understanding Shared Student Loan Debt

Hi, I’m Tulsa Dads.Law attorney Clint Hastings. This is the second video in a two-part series about how student loans are divided in a divorce. In this video, we’re going to talk about the situation where your spouse has taken out student loans, but you both benefited from her obtaining her degree via the student loans.

Responsibility for Student Loan Debt

If you have a long-term marriage and your spouse took out student loans to increase her earning capacity, there could be a claim that you are responsible for part or half of that student loan debt. It is important to consider whether you both benefited from her degree and earning potential when determining responsibility for the debt.

Preventing Disputes Over Student Loan Debt

The best way to handle the division of student loan debt is to discuss and come to an agreement with your partner before the divorce process begins. Written agreements outlining who is responsible for the debt and how it will be divided can be used as evidence in court proceedings.

Schedule a Consultation

If you have questions about student loan debt in divorce or need legal guidance on this matter, contact us at 918-962-0900 to schedule a low-cost consultation with Oklahoma father’s rights attorney Clint Hastings. It’s important to protect your rights and interests during a divorce, and we are here to help you navigate the process.