Friday, July 15, 2011

Divorce Costs College Money

From Desert News:

A recent study published in the Journal of Family Issues found that children of divorced parents contribute less to the college costs of their sons or daughters than married parents do.

The Wall Street Journal reported last week that while married couples will fund about 77 percent of tuition costs of their children, divorced parents fund about 42 percent of their children's college cost. Even if a parent remarries and makes the same amount with their new spouse as they did before, the divorced parents will still only pay for about 53 percent of their child's tuition altogether.

Read more here.

MR

 

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Comments

Does that mean that the children of divorced parents are relying more on more student loan debts to pay for college??? or Does it that mean that that the children of divorce parents have more options available to them in terms of financial aide???

Posted by: Divorce Oklahoma City | Jul 16, 2011 7:34:48 PM

I have been divorced-twice- and the costs do vary- WIDELY! The first one cost me a small fortune. I had to take on a second job just to pay for it, and I totally wiped out my son's college fund! The second time, I looked around for a Louisville divorce lawyer that I could afford (which wasn't much), and my friend suggested one that cost under $500 (I used www.kentuckianafamilyla‚Äčw.com). It's never a good thing to be in the market for, but divorce is a lot easier when it doesn't cost you everything you have! And, I've put a LOT back into his college fund that way. It's sad that the kids have to suffer for our mistakes!

Posted by: Chrissy | Jul 25, 2011 7:46:29 AM

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