Like many parents, you may have planned to provide full or partial support for your child to pursue higher education. Divorce can complicate those plans significantly.
If you are considering a divorce and have a child who will attend college, here is the important information you need to know about your obligations.
What are my requirements as a parent?
In New Jersey, divorced parents may have a responsibility to pay for their child’s tuition and other costs if he or she has the desire and ability to attend college. A judge will ask several questions when determining your obligation, including:
- Is financial aid available?
- What are the financial means of both parents?
- What financial resources does the child have?
- Does the child have the necessary ability and commitment to successfully pursue higher education?
- Is the child’s expectation for higher education reasonable given the background of the parents?
Exactly how much you must pay will depend on your unique circumstances and the type of college your child to attend. For example, a judge will take into account whether a child wants to attend a state school or a private university.
How can I should I prepare for my child’s education during a divorce?
Your divorce agreement should spell out each parent’s responsibility for supporting a child through college. Without provisions, a court will decide the amount of your obligation.
The right preparations during divorce will ensure that your child’s education is properly managed and that each parent covers their fair share of costs.