The divorce process can be an all-consuming effort for many couples, and some may make the mistake of not thinking far enough ahead. If your child is young, their college education may seem like a faraway event that you still have plenty of time to plan for. Unfortunately, this type of thinking is ill-advised even when both parents are together. Read on to find out why it's more important than ever to make plans for your child's college education before the divorce is final.
Why Waiting Could be a Mistake
Recent scandals about well-to-do families using nefarious means to pay for and gain admittance to college highlights why this issue should be on every parent's agenda. Starting to save for college as soon as possible is important, but it's never too late to begin a savings plan for your child. If you wait and depend on scholarships and grants, you and your child might end up struggling to pay for college. More importantly, you may need to lock down the other parent's contribution during the divorce or you could end up footing the bill on your own.
Part of the Divorce Agreement
Along with child visitation and property provisions, make it a point to include a provision addressing college funding. Once the provision is part of the agreement, it will become an order that both sides have to abide by. Consider the following points when creating a college education provision for inclusion in the divorce decree.
To learn more, speak to your divorce attorney at a firm such as Cooper Levenson Attorneys At Law.
When my ex-husband decided to contest my choice to homeschool our children, I knew that I had to defend my right as the custodial parent. Our custody agreement gave me authority over educational decisions, but he still took me to court. I spent a lot of time working with an attorney to find out how best to handle it, and I did a lot of research on the laws as they applied. If you're trying to defend your educational choices amidst your divorce, this site may help. I've built it to share everything I learned and explain the process that I went through to secure my rights.