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Student loan treatment in divorce
Hi, I have a student loan and I am getting divorced. She and I have no assets to share out, only debts. Our credit card debts are weighted towards her, but my student loan makes the sums roughly equal. I want my student loan to be considered, whereas she does not.
In mediation and from my solicitor, all I have had so far is, "it's treated differently from credit card debt". No one seems to know how it is treated differently. Does any one have a similar experience wrt a student loan to share?
For your information, I took the loan out for a PGCE in 2010-11.
In mediation and from my solicitor, all I have had so far is, "it's treated differently from credit card debt". No one seems to know how it is treated differently. Does any one have a similar experience wrt a student loan to share?
For your information, I took the loan out for a PGCE in 2010-11.
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Comments
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A student loan is yours and yours alone, it is not a "normal" consumer debt, it can't be split during divorce and it can't be written off in bankruptcy.0
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One of the key differences is that repayments are dependent on income, whereas CC is owed regardless.0
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