The news has been full of headlines highlighting ballooning student loan debt. Between 1993 and 2015, the average debt accumulated by students attending four-year colleges nearly quadrupled, from $9,450 per student to $35,000, with 2015 graduates given the unenviable title of “most indebted class ever”. For graduate students, the average debt per student is even higher.
Student loan debt is becoming a regular fact of life for many, many Californians. For current and former students who are either married or contemplating marriage, it’s important to understand the intersection between student loans and community property.
Keep reading, and let’s talk about what the default rules are.