A loan that will only effect me?

the bigger issue is why are doing so poorly that you have to be removed from the masters program, most people are capable to keep thier gpa above 3.0 for a masters programs, yours would have to fallen below 3.0 for consecutive semesters, to be removed from the university.. They also will give you a warning first.

Just dont let him cosign any loans.

The problem is you would have to take out loans for your extension classes anyways. Furthermore is your masters in whatever going to help you find a job asap? if not, i would not go back to your masters program.

If you dont have extra experience while getting masters, jobs wont hire you anyways.

Any loan you take out will have some effect on him for better or worse. Assuming everything goes well, you will graduate with your Master's degree, quickly find a good job, and your income will be reduced for the next few years in order to repay the loan. If things do not go so well, you will graduate with your Master's degree, struggle to find a job, and your husband's income would be reduced in order to help repay the loan. If things go terribly, you will fail to graduate with your Master's degree, end up deeply in debt, and struggle to repay the loan.

Anyway, I assume you are intending to ask is how to prevent him from being responsible for the loan. If you do not live in one of the community property states (Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), then do not have him co-sign the loan for you. If his name is not on the loan, he is not responsible for it.

However, if you do live in a community property state, then you can contact a lawyer about obtaining a marital partition agreement. This document will legally divide all assets between you and your husband. Any and all bank accounts, property, belongings, etc. will no longer be jointly owned unless both of you specifically intend it to be (e.g. joint bank account, your home, etc.). With this in place he *should* no longer be responsible for the loan (unless he co-signed for it)... however any joint assets that you may have together would still be at risk.

Yes. Talk to the school's financial aid department.

Sure, you just list only your own information on the loan application.

If you are not in a community property state, all loans (on paper) only effect you and not your husband.

But in reality, of course, there is.

- paying back the loan, will take money away from the "household"

- if you don't pay back the loan, having bad credit will mean that all financial matters will rely on solely your husband's credit (rent/housing/etc)

Are you sure grad school is for you?

Most people attending grad school are doing something that they especially enjoy and don't get poor grades because they enjoy it so much & it comes easy. Until this note, I didn't even know you could get "poor grades" in grad school.

Additionally, if outside issues are a problem, most people in grad school would talk with / work with their professors before it came to the point of getting expelled from the program.

Divorce now. Sorry.