SoaringEagle
Junior Member
What is the name of your state?What is the name of your state? Michigan
My husband and I are in the process of getting divorced. We are on "friendly" terms and neither one of us is using an Attorney. As we were working through the asset/ liabilities separation, we stumbled across the issue of student loans. During our marriage of 12+ years my husband went to college, using student loans, that have been paid down to approx. $10,000 now. (He will keep this loan and continues to make payments on it.) I went to college and graduated just before our separation, accumulating a student loan balance of approx. $55,000. (I am making payments on this loan and will continnue to do so as well.) A large portion of this money was used to supplement my income. My husband now doesn't think that our student loans should be considered in our separation of Assets/ Debts. However, he told me that if we were to consider them 50/50, we then would have a right to 50% of eachothers future wage increases as well? I have searched around and have not been able to find any information pertaining to this issue. Can you help me with an answer? Thank you!
My husband and I are in the process of getting divorced. We are on "friendly" terms and neither one of us is using an Attorney. As we were working through the asset/ liabilities separation, we stumbled across the issue of student loans. During our marriage of 12+ years my husband went to college, using student loans, that have been paid down to approx. $10,000 now. (He will keep this loan and continues to make payments on it.) I went to college and graduated just before our separation, accumulating a student loan balance of approx. $55,000. (I am making payments on this loan and will continnue to do so as well.) A large portion of this money was used to supplement my income. My husband now doesn't think that our student loans should be considered in our separation of Assets/ Debts. However, he told me that if we were to consider them 50/50, we then would have a right to 50% of eachothers future wage increases as well? I have searched around and have not been able to find any information pertaining to this issue. Can you help me with an answer? Thank you!