A hot topic in the family law arena is whether reduction of premarital student loan debt during the course of a marriage should be included as marital asset subject to division in the divorce proceeding. This Iowa Court of Appeals recently found that student loan debt incurred prior to the marriage is “a nonmarital obligation.” In re Marriage of Campbell, No. 13-1383, 2014 WL 1999231, at *5 (Iowa Ct. App. May 14, 2014). In Campbell, […]
Premarital Student Loan Debt: Is Reduction During the Marriage a Marital Asset?
By Shannon Simpson May 1, 2015 Posted in Articles