Divorced will soon be able to deconsolidate student loans taken out jointly

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WASHINGTON, D.C. (KERO) — Divorced couples may be able to split their consolidated student loan debt and possibly qualify for forgiveness, thanks to a bill that passed the U.S. House of Representatives on Wednesday.

The Senate approved the bill in June.

Until 2006, married couples were allowed to consolidate their federal student loan debt into a single loan, but that made them jointly responsible for the debt, even if they were divorced.

Victims of domestic violence, economic violence or borrowers who can no longer contact their co-borrower will be able to submit an individual application.

The bill will now go to President Joe Biden for his signature. Biden has previously said his administration supports the law.



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