The parties were married in 1968. During the course of their marriage, Mrs. Graham worked full time as an airline stewardess. Mr. Graham worked part time, spending most of his time completing his education. Mr. Graham received a bachelor’s degree and an M.B.A. during the course of the marriage. They accumulated no marital property during their marriage. The trial court held that one spouse’s education is jointly-held property in the marriage and therefore subject to equitable distribution. It awarded Mrs. Graham a sum of money, to be paid in monthly installments, to compensate her for her interest in her ex-husband’s education. Mr. Graham appealed to the Colorado Court of Appeals, which reversed the trial court’s holding. Mrs. Graham then appealed the matter to the Supreme Court of Colorado.