Additional Information:
My wife and I are getting divorced. She took out a loan so she could attend a college in Worcester. She said she would use her degree to get a job, but she hasn’t finished the program so technically the “community” hasn’t benefited from her going to school. I suspect she really went back to school because she was bored being a stay at home mom. Will I be liable for half of the loan?
ATTORNEY ANSWER:
No, since she gets the benefit of the education, the responsibility to pay the loan should remain with your wife. However, if you cosigned the loan, you will be jointly and severally liable to the lender. You can get a divorce judgment that requires her to reimburse you any amounts you are called upon to pay in that case.
Worcester County Divorce Lawyer, Michael Franklin provides legal representation to individuals in the communities of Leicester, Auburn, Boylston, Shrewsbury and throughout Worcester county.
Attorney Michael Franklin
Worcester Divorce Lawyer
5 State Street, Suite 1F
Worcester, MA 01609
