College education in Colorado and around the U.S. has become so expensive that it could be decades before many recent graduates pay off their student loans. Students who took out loans to help pay for their education had an average of $29,400 of debt upon their graduation in 2012, according to one source. For a married couple, it may not be unusual for the household to have a total of $100,000 or more in student loans.
Paying off those loans may be a significant drag on the family’s finances. And financial problems are a significant reason for many divorces. This begs the question of what happens to the student loans during a divorce.