Discussing college tuition during divorce proceedings | Lane & Lane, LLC
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Discussing college tuition during divorce proceedings

Many parents in New Jersey may wish to take steps to help their children pursue a higher education. With the ever-increasing nature of college-related expenses, some parents may begin planning and saving for the future while the kids are still young. However, certain life events could disrupt a couple's ability to save, and for parents that are going through a divorce, discussing how to manage the costs of a college education during negotiations could be crucial.

The end of a marriage will inherently impact the futures of everyone involved, but it doesn't necessarily have to keep parents from seeing to the educational needs of the kids. When discussing how to handle the costs of college, parents may benefit from making a list of all possible expenses. In addition to covering tuition, kids may need money to help cover the costs associated with housing and food and basic classroom needs.

Since parents may be transitioning away from a two-person income, they may also find it advisable to explore the available options for financial aid. Being mindful of how the income of the custodial parent might affect a child's eligibility for monetary aid could also prove beneficial. Reaching an agreement on how to cover the costs of a higher education during divorce proceedings could help prevent future conflict, but it may also prove to be a challenging process.

While divorce will have an impact on all parties involved, it doesn't have to keep parents from helping the kids seek a college degree. Parents who wish to protect the needs of their kids could benefit from consulting with an attorney for guidance in addressing every crucial topic of divorce. An attorney can assist a client in New Jersey in pursing an amicable and acceptable child custody agreement focused on safeguarding the future of his or her kids.

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