Mom's $610K student debt still tied to ex-husband 8 years after divorce
Dawn Rose, 53, has $610,000 in student debt after combining balances with her then-husband in 1999. They divorced in 2015, but Rose is stuck paying off her ex-husband's debt. She's waiting for a law to be implemented that allows for the separation of those loans. Sen. Mark Warner and Rep. David Price introduced the Joint Consolidation Loan Separation Act of 2021 to allow borrowers with spousal loans to separate their balances. It was signed into law last year, but the process will not be implemented until late 2024, at the earliest.