If you are divorced and the have children, it is possible that issues of the costs of college and who will pay those costs will arise. Being aware of this potential responsibility and prepared for its occurrence will make the process that much easier.
College acceptance letters are being sent out now. Your child is anxious to know what their future holds and as a parent you both share their excitement and worry about the financial aspects of attending college. College is expensive.
The law offers guidance on how to deal with this issue. The Durst Firm has the knowledge and experience to take this guidance and create tangible results for our clients.
Ideally, the arrangements are made before the college selection process begins. However, that’s not always possible. Both parents and the child should be involved on the application and selection process. Costs must be a factor and expectations need to be managed. If one parent, in conjunction with the child, exclude the other parent from the process, the excluded parent could be relieved of a responsibility to contribute that they might otherwise have.
If you have questions about paying for college expenses during or after your divorce, schedule a consultation and get educated by The Durst Firm.
