Who Will Pay For the Kids’ College Education After the Divorce?

During the divorce process, parents have a long list of issues to discuss and settle upon, including the division of their assets (e.g. home, cars, bank accounts, retirement accounts, pension plans, etc.), the division of their debts (e.g. credit cards, car loans, personal loans, equity loans, college loans, etc.), child custody and visitation schedule, child support, and spousal support. In their Marital Settlement Agreement (MSA), parents will often include who will pay for child care (usually split equally), school expenses, and extracurricular activity expenses. However, parents will not always include a directive regarding post-high school education. They may not think about this issue at the time of negotiating the terms of their divorce, especially when children are still young and years away from seeking post-high school education. This may lead to friction and arguments in the future, as the cost of technical schools as well as public and private college education continues to rise.Original Article

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