Are Both Parents Responsible For College Expenses?

College is an exciting time for students as they embark on a journey to further their education and pursue their dreams. However, for many families, the question of who is responsible for paying for college expenses can be a difficult and complicated one. In this blog, we will explore whether both parents are responsible for college expenses.

The short answer to this question is, it depends. The responsibility for paying for college expenses can vary depending on a number of factors such as the state in which you live, your divorce agreement, and your child's financial aid eligibility.

In general, both parents are expected to contribute to the cost of college if they are able to do so. This is based on the principle that parents have a moral obligation to provide financial support for their children, even after they have reached adulthood. However, the amount that each parent is expected to contribute can vary depending on their financial situation and the specific circumstances of the family.

When deciding the fair amount each parent should pay for the child's college expenses, the court will look at the financial resources of each parent. It also will look at the property and money the parent has access to, including what is available through the new spouse.

One factor that can affect the responsibility for college expenses is the divorce agreement between the parents. If the divorce agreement specifies that one parent is responsible for paying for college expenses, then that parent would be solely responsible for the cost. However, if the agreement is silent on this issue, or if it specifies that both parents are responsible, then both parents would be expected to contribute.

Another factor that can affect the responsibility for college expenses is the state in which you live. Some states have laws that require divorced or separated parents to contribute to college expenses, while other states do not. For example, in New York, divorced parents can be required to contribute to college expenses if their child is attending college full-time and is under the age of 22. In contrast, in states like Texas, there is no legal obligation for parents to pay for their child's college expenses.

Many parents do not know after a divorce in Illinois that they must cover their child's college expenses. The Skokie child support attorneys at Gordon & Perlut, LLC can help you address concerns in this area.

For more details, visit https://www.familylawadvocate.com/are-both-parents-responsible-for-college-expenses/